Alva Review-Courier -

OKLAHOMA CITY (AP) — Oklahoma's largest electricity provider plans to spend $53 million to buy two power plants, which the utility says would save customers money and lower power plant emissions.

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 Journal Record reported. The Shady Point plant, owned by Virginia-based AES Corporation, is fueled with coal and natural gas. The natural gas-fired cogeneration plant is owned by Oklahoma Cogeneration LLC.

The acquisitions are pending approval f...