On Thursday, October 12, the Oklahoma Corporation Commission issued a final order denying a pre-approval application by utility companies to raise customer rates to cover construction costs of a proposed $1.8 billion coal-fired power plant known as Red Rock. Although it was agreed upon that American Electric Power - Public Service Company of Oklahoma and Oklahoma Gas & Electric Co. will need more generating capacity by 2012, the OCC did not believe that the companies presented sufficient evidence illustrating that other reasonable alternatives were explored. The proposed plant was touted to be the largest project of its kind in the United States.

Read a statement from OCC Chairman Jeff Cloud.