Ponca City, OK

Now: 19 °F

Currently: Cloudy

Hi: 36 °F | Lo: 25 °F

Tuesday

Hi: 35 °F 

Lo: 28 °F

Wednesday

Hi: 41 °F 

Lo: 24 °F

Thursday

Hi: 47 °F 

Lo: 30 °F

Friday

Hi: 46 °F 

Lo: 40 °F

Saturday

Hi: 49 °F 

Lo: 28 °F

Oklahoma Gas & Electric to purchase 2 power plants for $53M

The Associated Press and The Journal Record - December 22, 2018 9:53 am

(Information from: The Journal Record, http://www.journalrecord.com)
OKLAHOMA CITY (AP) – Oklahoma’s largest electric utility says its plan to spend $53 million to buy two power plants will save customers money and lower power plant emissions.
The Journal Record reports that Oklahoma Gas & Electric announced a plan Thursday to acquire the Shady Point power plant near Poteau and the Oklahoma Cogeneration plant in Oklahoma City.
The acquisitions are pending approval from state regulators in Oklahoma and Arkansas, but they would replace capacity supplied to OG&E under contracts set to expire next year.
OG&E says the deal will save customers up to $50 million a year and reduce coal use at Shady Point by more than 50 percent.
The Shady Point plant is fueled with coal and natural gas, and is owned by Virginia-based AES Corporation. The cogeneration plant is owned by Oklahoma Cogeneration LLC.

 

Latest Stories

Woman dies after being pulled from burning Oklahoma home

OKLAHOMA CITY (AP) – A 65-year-old woman has died after being pulled from a burning home...

OSBI investigating suspicious death of man found in Binger

BINGER, Okla. (AP) – The Oklahoma State Bureau of Investigation says it’s been asked to assist...

Oklahoma Highway Patrol chief indicted on extortion charges

(Information from: The Oklahoman, http://www.newsok.com) OKLAHOMA CITY (AP) – An Oklahoma Highway Patrol chief has been...