Oklahoma Regulator Nixes $1.8B Power Plant

Law360, New York (September 11, 2007, 12:00 AM EDT) -- American Electric Power Co. and OGE Energy Corp. will likely have to drop plans to build a $1.8 billion coal-fired power plant, after an Oklahoma utilities regulator indicated it would reject their proposal.

Two of the three commissioners at the Oklahoma Corporation Commission made it clear after deliberations on Monday that they planned to reject the application, which asked for approval to recover building costs from customers once the facility was up and running.

The commissioners voted to add language to the commission's order rejecting the...
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