All five members of the Oklahoma delegation in the U.S. House voted this week in support of a bill to kill the Biden administration’s ESG rule, one that encourages private retirement plan fiduciaries to consider environment, social and governance factors. Reps Bice, Brecheen, Cole, Hern and Lucas were among the 216 House members who …
Quick energy reads
** President Biden may be close to issuing the first veto of his presidency as Congress is expected to pass a resolution disapproving of a Department of Labor (DOL) rule allowing retirement plan managers to factor environment, social and governance (ESG) into their investment decisions. ** Power from zero-carbon sources made up a full 41% of the …
What’s this fuss about Right of First Refusal? Mitchell Talks Energy
Round 3 of Mitchell Talks Energy featuring a discussion with OK Energy Today’s Jerry Bohnen about ROFRs…..Right of First Refusal. It’s a controversial issue that will heat up in the legislature, one giving the power of utilities to refuse transmission line construction by competitive firms. Scott also talks with Josiah Neeley, resident senior fellow …
Commissioner Anthony disgusted at putting reins on outside expert
Another layer of whitewash. It’s what Oklahoma Corporation Commissioner Bob Anthony called the move by fellow commissioners Todd Hiett and Kim David to hire an “independent consultant” to review the $6 billion in 2021 fuel cost cases pending before the Commission. “It’s so restricted as to be absurd,” said Anthony in reacting to the …
Oklahoma regulators decide to use ‘outside’ expert in reviewing utility fuel costs
The Oklahoma Corporation Commission approved Tuesday a measure to look into the process under which an outside expert would be hired to examine un-securitized 2021 fuel cost recovery charges of Oklahoma Natural Gas, Oklahoma Gas and Electric, and Public Service Company of Oklahoma. The measure was brought by Commission Chairman Todd Hiett at the …
Crude oil rose 2% on Tuesday while most OK energy stocks suffered losses
Crude oil prices rose about 2% in Tuesday’s trading but Oklahoma energy stocks failed to make the upward ride with a majority recording losses for the day. What prompted the increase in crude oil? Optimism of a strong economic rebound in China. West Texas Intermediate crude gained $1.37 or 1.8% to finish at $77.05 a …
OGE crews restore power to 92% of customers who lost it during the tornadoes
Nearly 92% of the Oklahoma Gas and Electric customers who lost electrical power in the Sunday night tornadoes and severe weather have their power restored. In an update Tuesday morning, OG&E said its 2,500 utility personnel continue working to restore power to the remaining customers and expect to have the restoration up to 95% …
Latest reports show wells completed by BCE-Mach III
Some of the newest completion reports include three Kingfisher County wells drilled by BCE-Mach III LLC. The separate wells were completed in October, November and December of 2022 and had combined production of nearly 800 barrels of oil a day. The John Pollard 31-18-5 2mh, located at 31 18N 5W or 8 miles northeast …
NextEra’s plans for solar and battery project denied in Enid
Renewable energy firm, NextEra, a company with wind farm operations throughout the state, was turned down this week in its effort to build a solar and battery storage operation near Enid. The Enid News and Eagle reports the Metropolitan Area Planning Commission voted to deny NextEra’s petition to use land southeast of Enid for …
Colorado drivers feeling more impact from shutdown of state’s only refinery
Only a few weeks ago, OK Energy Today reported how the December shutdown of the Suncor refinery in Colorado, the state’s only refinery, resulted in increased pump prices for drivers in the state. Now the U.S. Energy Information Administration reports the increase has been $1.39 a gallon since the day after Christmas 2022. The …
