OG&E Electric Services
, a subsidiary of
, said it completely satisfied all of the mitigation requirements associated with its 2004 acquisition of the McClain power plant near Newcastle, Okla. The Federal Energy Regulatory Commission (FERC) order ends the final challenge to OG&E's acquisition of the facility, the company said.
To get the approval from FERC of its purchase of McClain, OG&E expanded its electric transmission system, including upgrades at three substations totaling about $35 million to improve the local power grid.
"We are pleased the FERC agrees OG&E has met all of its commitments, and happy to report the McClain plant is delivering the benefits we promised our customers when we first proposed the purchase in 2003," the Oklahoma-based company said.
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