This week’s Oklahoma Corporation Commission approval of the Public Service Company of Oklahoma’s purchase of the Green Country Power Plant in Jenks even got PSO’s parent company, American Electric Power excited about the deal.
AEP issued its own press release announcing the approval saying it will “enhance PSO’s capacity to meet the rising energy demands of its customers.”
“Bringing the Green Country Power Plant into PSO’s generation portfolio strengthens PSO’s ability to provide stable, secure power to customers,” declared AEP, adding the approval also “marks a step forward in PSO’s commitment to deliver affordable and reliable energy to its customers while supporting Oklahoma’s economic development.”
AEP also quoted PSO President Leigh Anne Strahler.
“We recognize the strong leadership from the Oklahoma Corporation Commission and the open and collaborative process that enabled a positive result for our customers. Through this purchase, we are adding energy stability and reliability for the communities we serve.”
AEP didn’t make any references to the fact that PSO ratepayers will begin making additional monthly payments beginning in July to finance the $730 million deal. Instead, the PSO parent company said, “Beyond strengthening grid reliability, the purchase is expected to generate substantial local benefits. Increased ad valorem tax revenue from the facility will directly support Tulsa County schools, public services, and job creation—further reinforcing PSO’s commitment to the communities it serves.”