Alva Review-Courier -

OG&E announces plan to purchase power plants; customers to see savings, environmental benefit


December 21, 2018

OKLAHOMA CITY, Dec. 20, 2018 /PRNewswire/ -- Oklahoma Gas & Electric, the utility subsidiary of OGE Energy Corp. (NYSE: OGE), announced today that, pending regulatory approval, it will acquire two existing power plants to meet customers' energy needs. The plants will replace capacity currently provided by power purchase contracts set to expire in 2019.

The company announced it will acquire the Shady Point plant near Poteau, Oklahoma, and the Oklahoma Cogeneration plant in Oklahoma City. The Shady Point facility, currently owned by AES Corporation, is a 360MW coal- and natural gas-fired plan...

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