August 16, 2023 archive

Energy Transfer acquires Crestwood Equity Partners in $7.1 billion deal

  Two years after Dallas-based Energy Transfer widened its scope by merging with Oklahoma City’s Enable Midstream, the Texas firm has done it again. This time, it is a $7.1 billion all-equity transaction to acquire Crestwood Equity Partners LP, including the assumption of $3.3 billion of debt. It will strengthen Energy Transfer’s hold on distribution …

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Gaining speed—hydrogen powered big rigs on the road

A recent report by Axios reporter Joann Muller caught our attention, one about the growth and potential of hydrogen-powered 18 wheelers. With the government’s promotion of hydrogen hubs, including Oklahoma’s partnership with Arkansas and Louisiana to create such a hub, the idea of using hydrogen as a big-truck fuel is gaining some momentum. Here’s how …

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Lawsuit settlement of $5.9 million reached in Prague’s 2011 earthquake

  Almost 12 years after a swarm of earthquakes near Prague, including a 5.7 magnitude quake, sparked a class action lawsuit blaming some energy companies, a $5.9 million settlement has been reached with another of the firms. New Dominion LLC agreed to the settlement which was approved in Lincoln County District court. The Tulsa oil …

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Oklahoma gasoline prices higher than a year ago

  Gasoline prices across the U.S. are approaching the prices of a year ago, but in Oklahoma, they already exceed the price at the pump from last year. The state’s average means Oklahoma is no longer among the handful of southern states with the lowest prices in the country. Oklahoma’s average, according to AAA, is …

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Oklahoma researchers excited about nuclear fusion repeated in California

  A report indicates a new Oklahoma power plant might be in the future, all because of the efforts of California scientists who recently announced they repeated successful attempts at nuclear fusion. It could mean a commercial fusion power plant in Oklahoma. Click here for Norman Transcript  

Oklahoma regulators hit with “mess” over PSO rate hike request

  “A complicated issue,” is how Oklahoma Corporation Commission Chairman Todd Hiett described Tuesday’s handling of the $155 million rate hike request made by Public Service Company. Thomas Schroedter, Executive Director and General Counsel to the Oklahoma Industrial Energy Consumers had another description. “This is somewhat of a mess,” he told commissioners as they pondered …

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Kansas to meet EV charging demand

  Transportation leaders in Kansas say one way or another, they plan to prepare for an expanded EV population in the state. Right now, the state doesn’t have enough electric vehicle charging stations to meet the emerging demand. “One way or another, this is coming, so we need to be prepared,” said Tami Alexander, the …

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Headlines

** In remarks on Tuesday, President Biden said he and first lady Jill Biden would visit devastated Maui “as soon as we can,” before he pivoted to prepared remarks about the Inflation Reduction Act on a preplanned trip to Wisconsin to tout his economic accomplishments. ** A Hawaiian couple sued the state’s electric utility this …

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