October 5, 2020 archive

PSO seeks OCC approval to add natural gas, solar generation and resiliency for Fort Sill

  Public Service Company of Oklahoma has filed a request with the Oklahoma Corporation Commission for approval of a project that would bolster energy reliability and resilience at the U.S. Army base in Fort Sill, Okla. The project would provide more clean energy to the power grid, add to the safety and security of grid …

Continue reading »

NextEra’s market value surpasses Exxon’s

    Florida-based utility and power producer NextEra Energy Inc., the company with major wind farm operations throughout Oklahoma, surpassed Exxon Mobil Corp. in stock market value last week, reinforcing bets on Wall Street that a cleaner energy system has long-term value. NextEra’s market capitalization pushed above $138 billion in intraday trading Friday, eclipsing Exxon, …

Continue reading »

Directors, ratepayers question donation from Nebraska electric co-op to political committee

  In Nebraska, questions are being raised about a loan from a private cooperative of rural public power districts to a group created in the political fight against expansion of wind and solar generation in the state. The Lincoln Journal Star’s story focuses on the startup loan given the group Nebraskans for Reliable and Affordable …

Continue reading »

Alliant tops 1GW of wind in Iowa

  Alliant Energy has topped 1GW of wind energy in the US state of Iowa with the completion of the 130MW Richland wind farm in Sac County. The company said the 1GW goal has been reached several months ahead of schedule and within budget according to a report by ReNews.BIZ. Richland is among five wind …

Continue reading »

Oklahoma tax collections could take a hit into the hundreds of millions due to Supreme Court ruling

  The Oklahoma Tax Commission is bracing for a drop in state tax revenue because of the recent U.S. Supreme Court decision, a drop that could total into the hundreds of millions of dollars. A report by the commission regarding the impact of the McGirt v. Oklahoma ruling will lower the state’s revenue collections of …

Continue reading »

New Report: Oil and Gas Supported 134,000 Jobs, Added $16.6 Billion to New Mexico Economy

  The New Mexico Oil and Gas Association released a new report showing that New Mexico’s oil and natural gas industry supported 134,000 in-state jobs and added $16.6 billion to New Mexico’s economy in 2018. According to the analysis, the industry accounted for 12% of statewide employment and 16% of the state’s economy. The report was prepared …

Continue reading »