Oklahoma will receive an estimated $66 million under President Biden’s $5 billion plan unveiled this week to create a growing EV charging network across the nation. The U.S. Energy Department provided a state-by-state breakdown of money under the 5-year plan. It listed Oklahoma has receiving $66,296,972 under the new National Electric Vehicle Infrastructure (NEVI) Formula …
Oklahoma’s DEQ threatened with lawsuit
Oklahoma’s Department of Environmental Quality is being threatened with a lawsuit because for the second time, the agency has failed to meet a deadline to file pollution reduction plan under the Clean Water Act. The Sierra Club is among those environmental groups wanting to haul the agency into court reported News 9 TVin Oklahoma …
Plains All American CEO predicts more crude oil growth in Permian
Oil and gas exploration by all of those Oklahoma energy companies and others in the Permian basin of West Texas is expected to result in an annual crude oil production of more than 600,000 barrels a day in the coming years. It’s the prediction of pipeline giant Plains All American Pipeline LP reported Bloomberg. …
Supply chain interruptions are indeed hurting renewables
The recent move by Siemens Gamesa to lay off workers at its wind turbine operations in Hutchinson, Kansas and Iowa was blamed largely on supply chain issues. A review of how supply chain interruptions (see OK Energy Today) affected other renewables shows it clearly has hurt companies, not only in Kansas and Iowa but …
Regulators defend their approval of CenterPoint Energy’s securitization
The two Oklahoma Corporation Commissioners who approved millions of dollars in winter storm cost financing for CenterPoint Energy on Thursday defended their move saying the utility “did not make a profit on the fuel costs to be recovered.” Commission chairwoman Dana Murphy and Commissioner Todd Hiett who supported the finance order went to the …
Crude makes 2nd day of rebound while OK energy stocks were mixed
Thursday produced a second straight day of gains for crude oil prices in the states but not overseas. It left some Oklahoma energy stocks with modest gains while others recorded losses. West Texas Intermediate crude for March delivery went up 22 cents to finish at $89.88 a barrel on the New York Mercantile Exchange. …
Oklahoma’s Granite Wash sees increased rig activity
A weekly U.S. rig count provided by Enverus Rig Analytics showed the Granite Wash in Oklahoma and the Texas Panhandle hasn’t been this active since 2019. Drilling down to the play level, multiple under-the-radar areas have seen notable increases as the rig count has climbed. The Granite Wash hasn’t been this active since 3Q19, …
Bond authority wants constitutional challenges consolidated
The Oklahoma Development Finance Authority responded this week to a lawsuit challenging the constitutionality of using a 2021 legislative act to help utilities spread out their 2021 winter storm costs to consumers over the coming years. In a filing with the Oklahoma Supreme Court in the case brought by former State Rep. Mike Reynolds, …
Regulators approve higher storm costs for PSO and CenterPoint Energy customers
In less than 10 minutes, Oklahoma Corporation Commissioners on Thursday approved the requests of two more utilities to use a special financing order to spread $800 million in 2021 winter storm costs out over an extended period of time and increase monthly costs to consumers for years to come. No discussions were held on …
Layoffs hit renewable energy company in Kansas and Iowa
An estimated 190 workers at Siemens Gamesa operations in Kansas and Iowa are losing their jobs and the company had already hinted that it was being harmed by supply-chain disruptions. Siemens Gamesa builds wind turbines and carries out related services from operations in Hutchinson, Kansas and Fort Madison, Iowa. Earlier in February, the company …