On the fifth anniversary of February 2021’s Winter Storm “Uri,” appeals challenging more than $1.4 billion in bonds and $377 million in rate increases impacting the customers of electric utility companies OG&E and Public Service Company of Oklahoma (PSO) are now in the hands of the Oklahoma Supreme Court. Tuesday, Reps. Tom Gann, R-Inola, Kevin …
A week after announcing plans to move headquarters from Oklahoma City to Houston, Texas, Expand Energy Corporation revealed fourth quarter earnings. The country’s largest natural gas producer said it plans a billion dollars in debt relief this year and the issuance of its 20th straight dividend. It reported its net cash from operating activities totaled …
Crude oil prices fell about 1% on Tuesday as there was headway or progress reported out of the talks between the U.S. and Iran. Plus, there were also U.S.-brokered talks between Russian and Ukrainian negotiations. Iran’s foreign minister Seyed Abbas Araghchi stated, “We were able to reach a general agreement on a set of …
Rep. Brian Hill, R-Mustang, commented on the recent announcements that Devon Energy and Expand Energy will both relocate their corporate headquarters to Texas. Hill, who serves as chair of the House Commerce and Economic Development Oversight Committee, emphasized the importance of continuing to diversify Oklahoma’s economy. “The focus of the House Commerce and Economic …
Disappointing yes. Discouraging….maybe not. It’s the suggestion from Oklahoma Gov. Kevin Stitt to the surprising decisions by Devon Energy and Expand Energy to move headquarters to Houston, Texas. Interviewed recently by KOCO TV News, he explained his reaction. “When you hear about things like that, it’s disappointing. But that’s why it’s important to have …
The Ogallala water aquifer that runs through the Oklahoma Panhandle is now the target of use restrictions to farmers to the north in southwest Kansas. It’s a move that could impact water use by farmers and others in the Oklahoma Panhandle. Managers of the historic source of water used for farming, dairy, beef and biofuels …
A new power generating facility will be the subject of a ribbon-cutting ceremony Thursday morning at Tinker Air Force Base and feature leaders of the air base, the utility and Congress. U.S. Rep. Tom Cole will be among dignitaries on hand for the 9 a.m. ceremony to create added critical electrical power to the important …
A bill to create a state Office of Advanced Nuclear Energy in Oklahoma won approval this week in a House subcommittee. Rep. Nick Archer (R-Elk City) authored HB3175 which was approved on a 4-3 vote in the House Appropriations and Budget General Government subcommittee. Archer explained during the Monday hearing that his bill is …
Panasonic’s Kansas battery plant, the $4 billion project that Oklahoma lost to its neighbor a few years ago following intense campaigning by both states, is approaching 50% of production capacity. The Kansas Reflector reports it should be attained in the new few months, according to an official with Panasonic. The Reflector quoted Kristen Walters, …
U.S. Energy Policy & Power Infrastructure U.S. Department of Energy (DOE) has announced $175 million in funding for six projects to modernize, retrofit, and extend the useful life of coal-fired power plants serving rural and remote communities across the United States, keeping dependable energy sources online, strengthening grid reliability, and helping keep electricity costs low …