Summer temperatures and electricity rates go up together

We’ve reported several times how groups believe electricity prices will increase this summer and now the Biden administration’s own Energy Information Administration is making the same prediction. “This summer—June through August—we expect that residential customers’ monthly electricity bills will average $173 in the United States, slightly higher than last summer’s average of $168,” stated the …

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Kansas and Missouri power providers oppose EPA’s new power plant rules

    Electric Cooperatives in Kansas and Missouri have come out publicly saying the controversial new EPA rules aimed at cutting pollution from fossil fuel-fired power plants will only worsen the power reliability risks. Both the Association of Missouri Electric Cooperatives and the Kansas Electric Cooperative issued statements expressing how they are “extremely concerned” with …

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OGE agrees to lower its $332 million rate hike request before Oklahoma regulators

The $332.54 million rate hike requested by Oklahoma Gas and Electric company and being considered by the Oklahoma Corporation Commission has been reduced but the impact on residential customers will still be another $13 more a month. In a filing with the Securities and Exchange Commission, OG&E indicated the initial filed request will be reduced …

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Sagging EV sales force Ford to delay production at new plant

  Demand for electric vehicles in the U.S. has slowed so much that Ford’s new West Tennessee factory is delaying production until 2026. The much-ballyhooed plant was originally intended to begin production of Ford’s F-150 Lightning electrick pickup truck in 2025. But the company revealed full production is being delayed. The Tennessee Lookout reported Ford …

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Geothermal power grid proposed by Energy Department

          The federal government wants to take advantage of the kind of geothermal research that the University of Oklahoma is doing in supplying heat to school buildings in Tuttle. The Department of Energy announced funding opportunity of up to $7 million to develop regional grid models to assess how clean, firm geothermal power …

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Energy briefs

** During a 2.5 hour hearing before Congress, Energy Secretary Jennifer Granholm maintained UFOs reported around nuclear plants were “drones” but she also admitted her department works with the Joint Special Operations Command, an admission that raised eyebrows. ** Federal regulators have authorized the Mountain Valley Pipeline to begin operating following years of controversy that …

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Oklahoma regulators to meet Thursday

  Oklahoma Corporation Commissioners will meet Thursday. Below is the listed agenda. 1:30 p.m. Thursday, June 13, 2024 Place: Concourse Theater, Suite C50, Will Rogers Memorial Office Building, 2401 North Lincoln Boulevard, The Concourse Theater is located in the tunnel between the Will Rogers Memorial Office Building and the Sequoyah Memorial Office Building in the …

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Optimism from Federal Reserve decision sends crude oil prices upward

Wednesday was another day of positive movement for crude oil prices as they recorded gains, largely on the continued tensions in the Middle East and news that the Federal Reserve might resume interest rate cuts in December. While the Fed said rates would hold the same for now, it also indicated there could be lower …

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Consumer group says FERC ignored competitive bidding in recent electric grid order

  Right of First Refusal? Remember how it again died in the recently concluded Oklahoma legislative session? The ROFR issue remains with us on a national basis and the Electricity Transmission Competiton Coalition is challenging a recent decision by the Federal Energy Regulatory Ccommission to restrict competition on certain transmission projects. The Coalition has filed …

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Crude oil stocks climb nationally but fall at Cushing Hub

  In a twist, the amount of crude oil in stock at the Cushing Hub in Oklahoma fell by 1.6 million barrels in the past week while nationally, there was an increase of nearly 4 million barrels. According to the U.S. Energy Information Administration, Cushing held 33.8 million barrels as of June 7, a drop …

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