Kansas City-based Evergy Inc. announced a new five-year strategic plan, one that will help the company avoid a possible sale. The company said the plan will help speed its move to cleaner energy and do it as a stand-alone company. The plan results from a review by a special committee put together by the …
Four leading U.S. labor unions have reached a deal with TC Energy Corporation for the construction of the Keystone XL pipeline, a move that supporters say will inject hundreds of millions of dollars in middle-class wages in the country’s economy. The four unions that are part of the PLA include the Laborers International Union of …
Executives at Tulsa-based ONEOK, Inc. will be busy this month attending investor conferences—virtually. The first was held Thursday as they took part in the 11th annual Tuohy Brothers Annual Energy Conference. On Aug. 11, ONEOK leaders plan to take part in the Goldman Sachs Power, Utilities, MLPs and Pipelines conference. They will also seek …
Houston’s Plains All American Pipeline, L.P. reported a 68% drop in net income as it totaled $142 million in the second quarter of the year and delivered adjusted EBITDA of $524 million. Net income a year ago was $446 million and company write-downs reached more than $3 billion for the first half of the …
Lower earnings in the second quarter of 2020 were reported Thursday by OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company. The drop in earnings appears to have been driven by the firm’s part ownership of Enable Midstream, a firm with lower revenue due to the COVID-19 pandemic. Earnings were …
Tulsa’s Laredo Petroleum, Inc. reported a second quarter 2020 loss of $545.5 million or $46.75 per diluted share. The company also indicated it plans to resume well completions in Texas in the coming month. The company’s adjusted net income was $28.4 million or $2.43 per adjusted diluted share while its adjusted EBITDA was $132.8 …
Oklahoma Gas and Electric crews are on their way to New Jersey to help with restoration of electrical power after Tropical Storm Isaias hit the East Coast. At least 65 OGE workers gathered early Thursday morning and started driving their trucks to New Jersey where thousands are without power. OGE said Jersey Central Power …
Oklahoma coal-fired power plants are among those on a long list across the U.S. that have been converted to natural gas in the past 9 years. The Energy Information Administration said Wednesday that a total of 103 of the coal-fired power plants were switched to natural gas or replaced by natural gas-fired plants …
