Power from gas-fired power plant to be sold to PSO

Calpine Corp. (NYSE: CPN) on Sept. 26 said it has agreed to supply electric generation capacity from its 1,134 MW Oneta combined-cycle natural gas-fired power plant in Oklahoma to American Electric Power’s (NYSE: AEP) subsidiary, Public Service Co. of Oklahoma (PSO), from June 1, 2016, through May 31, 2031.

Under the contract, PSO will purchase 260 MW of Oneta’s capacity, energy and ancillary services. The contract is conditioned on certain approvals from the Oklahoma Corporation Commission and on securing satisfactory transmission service.

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