Saddled with an estimated $1 billion in February winter storm costs, mostly due to the cost of natural gas needed for emergency generation of electricity, Oklahoma Gas and Electric notified state regulators this week of its intention to seek relief through a new Regulated Utility Consumer Protection Act. In a filing (Application for Securitization) …
$100 million winter storm gas bill leads to lawsuit
Another big lawsuit popped up over the cost of natural gas delivered in the February winter storm in Texas. CPS Energy, a Texas gas and power utility was sued by oil and gas supplier Enterprise Products Partners because it allegedly failed to pay a nearly $100 million bill. Click here for Reuters report.
Frack sand operation sued in Arkansas
Tired of the hundreds of trucks that pass by their rural homes enroute to a sand mining and frack sand operation, two women near Texarkana, Arkansas have gone to court. The two Doddrige residents sued 29 trucking and other companies doing business at the River Ridge Sand Flat owned by Performance Proppants reported the …
Reopening time for Corporation Commission offices?
Oklahoma Corporation Commissioners might consider reopening the agency offices to the public in a Wednesday morning meeting at the capitol. The agenda stated that there will be discussion and a possible vote on a proposed plan or timeline for the Jim Thorpe Building, the Tulsa Regional Office and all field offices to reopen. The …
Texas Governor under fire for “beefy” tweet
When Texas Gov. Greg Abbott tweeted a criticism of President Biden’s climate plan suggesting it would force Americans to cut nearly all red meat from their diets, it drew immediate criticism. Because it was false as the San Antonio Express News reported. Click here for San Antonio Express News story.
Missouri lawmakers push bill to help utilities close coal plants
It’s considered to be a complicated financial instrument but one that will let utilities in Missouri rid themselves of decade on old coal plants. The bill has been advanced by Missouri lawmakers and allow the utilities to refinance the coal plant debt and also save ratepayers money. Click here for story from St. Louis …
Oil state Attorney General wants to undo Trump methane rules
New Mexico Attorney General Hector Balderas was among attorneys general for 20 states and the District of Columbia urging congressional leaders to undo the Trump administration’s loosening of limits on methane emissions from oil and gas facilities. The Democratic Attorney General and others who signed the letter argued for the use of the …
Energy news in brief
** Three Democratic U.S. senators on Monday said they are introducing legislation that would require U.S. regulators to mandate installation of driver-monitoring systems to ensure motorists pay attention while using systems like Tesla’s Autopilot. ** Top oilfield services firm Schlumberger NV on Monday named new executives to energy transition units, according to a memo seen by Reuters, …
Doug Lawler to leave Chesapeake Energy
Doug Lawler is leaving as CEO at Oklahoma City’s Chesapeake Energy Corporation and taking a chunk of change with him according to a late Tuesday filing the company made with the Securities Exchange Commission. The company announced his departure on Tuesday, saying it will be effective April 30, 2021. The announcement did not …
Supreme Court hears biofuels mandate involving Oklahoma refinery
The case is HollyFrontier Cheyenne Refining, LLC v. Renewable Fuels Association, 20-472. It’s an important one for CVR Energy, operator of the Wynnewood Refinery in Southern Oklahoma because it is part of the case being heard this week by U.S. Supreme Court justices. As OK Energy Today has reported previously, Wynnewood Refinery and HollyFrontier …