Oklahoma City-based Ascent Resources, LLC announced on Wednesday that its Board of Managers approved a quarterly distribution of $12.5 million payable on September 25, 2023 to unitholders of the Company. All future distributions are subject to further approval by the Board of Managers. Additionally, the Company will conduct a reverse stock split of its outstanding …
In St. Paul, Minnesota, a college’s microgrid research center is preparing to expand after securing significant new state and federal funding. The University of St. Thomas’ Center for Microgrid Research plans to triple its three-person staff and enroll more students thanks to money from a $7.5 million state legislative appropriation and $11 million in federal …
Ten days after seeking permission to allow customers to opt out of controversial time-of-use pricing, western Missouri’s major electric utility withdrew its request with state regulators, according to a news article published earlier this week by the Missouri Independent. Under an order from the Missouri Public Service Commission, Topeka-based Evergy is expected next month to …
Oklahoma Senator James Lankford communicated with his constituents through Facebook Live recently to provide the latest update on his bipartisan Prevent Government Shutdowns Act. The bill requires all Members of Congress, staff and the Office of Management and Budget must stay in the nation’s capital and work until the spending bills are completed if appropriations work is not done on time. This will prevent future threats of a government-wide shutdown, …
Anticipating significant cash flow through the end of next year, Oklahoma City-based Gulfport Energy Corporation announced that the board of directors expanded its common stock repurchase authorization by 63 percent to $650 million, according to a company press release issued on Wednesday. This increased authorization extends the program through December 31, 2024. “As we close …
Oklahoma Corporation Commissioner Bob Anthony has spoken out again regarding the handling of the February 2021 winter storm by the OCC and utilities. He is now calling for State Auditor and Inspector Cindy Byrd to conduct a full, independent audit on all expenses related to ratepayer-backed bonds authorized by the OCC over Winter Storm Uri. …
A divided 10th Circuit Court of Appeals partially invalidated the U.S. Environmental Protection Agency’s approval for Colorado’s plan to reduce smog near Denver on Monday, after an environmental group complained it essentially allowed “unlimited” pollution from fracking. According to a Reuters report, a split 2-1 panel agreed that the EPA broke the law when it …
