(TULSA) – Public Service Company of Oklahoma (), a subsidiary of American Electric Power (: ), and Exelon Generation Company , a subsidiary of Exelon Corporation, have executed a long-term purchase power agreement () for which an application seeking its approval is expected to be filed with the Oklahoma Corporation Commission (). The is for the purchase of up to 520 megawatts of electric generation from the Green Country Generating Station, located in Jenks.
The agreement is the result of ’s 2008 Request for Proposals () for Supply-Side Capacity and Energy Resources. The followed a December 2007 order that found had a need for new base load generation by 2012. In the filing, will be seeking to recover costs of the purchased power, which System Liaison Manager Steven Fate says will provide customers with significant savings over the term of the agreement.
“This agreement will save our customers millions of dollars a year over other alternatives considered as part of the process,” Fate said. “In the selection of Exelon to help meet our future power generation needs, has taken advantage of the current Oklahoma market to obtain this reliable, low-cost resource, which is good for our state and our customers.”
customer bills will not be impacted until the delivery of the power starts on June 1, 2012. The would extend until Feb. 28, 2022.
Once the application has been filed, the will have six months to rule on it for the contract to take effect.