The arguments made in a legislative hearing on proposed Performance Based Ratemaking for Oklahoma utilities were just as adament for and against on Monday. The House Utilities Committee held the interim study as those preferring the PBR or alternative ratemaking were the utilities represented by Oklahoma Gas and Electric and Public Service Company of …
October 23, 2023 archive
New board member named at OERB
The Oklahoma Energy Resources Board (OERB) announced the appointment of Elizabeth K. Brown to its board of directors. Brown serves as General Counsel to The Gloria Corporation, a privately held oil and gas exploration and production company founded by her father and based in Ada, Oklahoma. She is also a shareholder and member of …
Crude oil and OK energy stocks take a hit on Monday
A big drop in crude oil prices hit the markets on Monday and Oklahoma energy stocks recorded losses for the day. West Texas Intermediate crude for December delivery dropped $2.59 to finish at $85.49 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude droopped $2.33 a barrell and closed at $89.83 …
Residents cite explosive potential of Enid solar farm
Some of the residents around a proposed NextEra solar farm near Enid in northern Oklahoma are convinced it will be harmful to them and others. They argue the 200 megawatt, 4-hour battery energy storage system planned as part of the Skeleton Creek NextEra Energy Center has the potential to be explosive and start fires. …
Commissioner uses 32 year old inquiry to make his point
While the Oklahoma Corporation Commission is in the process of holding a Notice of Inquiry and an exploration of alternative ratemaking and right of first refusal, Commissioner Bob Anthony is using a 32-year old previous Inquiry to show the commission does have the ability to investigate utilities and their charges from the 2021 Winter …
Making a case “For” or “Against” Right of First Refusal law in Oklahoma
Lines were definitely drawn in the sand Monday as those opposed to giving the Right of First Refusal for large transmission-line projects by utilities in Oklahoma had their say and those who want ROFR went before a State Senate interim committee hearing. “It’s an issue most of our members never heard of until last …
Rain on its way to Oklahoma
Rain, at last, is coming to Oklahoma, thanks to Hurricane Norma, or what’s left of her. Oklahoma State Climatologist Gary McManus says the remainder of the storm will eventually sweep into Oklahoma. “Rainfall amounts over the next 5-7 days could be considerable, at least for SW through central parts of the state. Totals diminish …
China blasts Arkansas over forced farmland sale
State media in China reacted angrily to Arkansas’ recent move forcing a China-owned company to give up 160 acres of farmland over concerns of foreign ownership of farmland. It is the first such action under a wave of new U.S. laws regarding the restriction of foreign farmland ownership. “This is another daily absurdity from American …
Energy headlines
** Chevron agreed to buy U.S. rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns. The proposed deal amps up competition between Chevron, the No. 2 U.S. oil and gas producer, and …
Grainbelt Express moves closer to start of construction
The immense project designed to carry wind-powered electricity from Southwest Kansas and across Missouri to Illinois and Indiana is closer to actual construction. For more than ten years, developers of the $7 billion Grain Belt Express, a project aimed at carrying 5,000 megawatts of power more than 800 miles, have faced regulatory fights and legal challenges. …
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