January 2008

GRDA goes public with an announcement that it is joining with two other Oklahoma-based utilities to purchase the natural gas fired 1,200 megawatt (MW) Redbud Plant near Luther. GRDA will be a 36 percent interest owner in the plant (which translates to approx. 400 MW) and will partner with Oklahoma Gas and Electric (51 percent interest) and the Oklahoma Municipal Power Authority (13 percent). Plans were to finalize the deal sometime in 2008.