OG&E completes purchase of power plant - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

OG&E completes purchase of power plant

(Oklahoma City-AP) -- O-G-and-E Electric Services today has
completed its purchase of a 520-megawatt power plant in Newcastle.
The utility subsidiary of O-G-E Energy Corporation is paying 160
(m) million dollars to N-R-G McClain for a 77 percent interest in
the plant.
The Oklahoma Municipal Power Authority owns the remaining 23
With the purchase, O-G-and-E has nine power plants with a total
generating capacity of 61-hundred megawatts.
O-G-and-E says it expects to deliver at least 75 (m) million
dollars in savings to retail electric customers over a
three-year-period because of the plant's efficenty. The plant uses
two generating turbines fueled by natural gas.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.