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Company News

OG&E says unit ends plan to build Oklahoma power plant

 Oct 11 (Reuters) - OG&E Energy Corp OGE.N said its OG&E
Electric Services unit, Public Service Co of Oklahoma and the
Oklahoma Municipal Power Authority have terminated the
agreements on building and operating 950-megawatt Red Rock
plant.
 OG&E said it estimated its share of costs in the planning
phase of the Red Rock project to be between $18 million and $20
million.
 The company intends to seek regulatory recovery of those
costs, it said in a statement.
 (Reporting by Purwa Khandelwal in Bangalore)


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