Oklahoma Gas and Electric, along with the Grand River Dam Authority and the Oklahoma Municipal Power Authority, has acquired the Redbud power plant near Luther in the US.

OG&E, the Grand River Dam Authority and the Oklahoma Municipal Power Authority have completed the $852 million purchase of the Redbud power plant near Luther. OG&E acquired a 51-percent interest in the 1,230-megawatt Redbud plant for $434.5 million and will operate the plant.

OKLAHOMA CITY, Sept. 30 /PRNewswire-FirstCall/ -- OG&E today announced that the company, along with the Grand River Dam Authority (GRDA) and the Oklahoma Municipal Power Authority (OMPA), has completed its acquisition of the Redbud power plant near Luther.

Oklahoma Gas and Electric has received an approval from the Oklahoma Corporation Commission of the company's proposal to recover the costs of acquiring and operating the 1,230MW Redbud power plant near Luther, US.

OKLAHOMA CITY, Sept. 24 /PRNewswire-FirstCall/ -- OG&E today announced Oklahoma Corporation Commission approval of the company's proposal to recover the costs of acquiring and operating the Redbud power plant near Luther. OG&E expects to complete its acquisition of the plant by October 1.