October 2023 archive

Ongoing search in Oklahoma for “forever” chemicals

Oklahoma Water officials say so far, they’ve found only two cities in the state with elevated levels of suspected “forever” chemicals. Water Quality Division Director Shellie Chard with the DEQ identified the two cities as Nowata and Broken Arrow. However, she said their levels of per- and polyfluoroalkyl or PFAS compounds are only a “smidge” …

Continue reading »

Williams Cos. makes it 156 straight quarters with a dividend

  The Williams Cos. continued its historic streak of dividends with an announced dividend of $0.4475 per share. The board of directors gave approval to the regular dividend which figures to be $1.79 annualized. It will be payable on Dec. 26 of this year, to holders of record at the close of business on Dec. …

Continue reading »

Quick reads

** The Environmental Protection Agency (EPA) is moving to ban a toxic chemical that is used in cleaning and has become infamous for health effects, including cancer The EPA on Monday morning announced that it would propose a ban on trichloroethylene (TCE), which is used in making refrigerants and in dry cleaning. ** The White House …

Continue reading »

Governor’s Water Conference to focus on climate’s impact on state’s water sources

  The agenda is revealed for next month’s 2023 Oklahoma Governor’s Water Conference and Research Symposium. The November 29 event will begin with an opening session featuring Jennifer Castillo, Chair of the Oklahoma Water Resources Board. Gov. Kevin Stitt has been invited to speak but there is no confirmation he will attend. A panel featuring …

Continue reading »

Newspaper says ROFR should be killed in Illinois

  The same week that Oklahoma legislators listened to opponents and supporters of Right of First Refusual, the ability of electric utilities to deny competitive bidding on major transmission projects, Illinois lawmakers were urged to reject ROFR. The Electricity Transmission Competition Coalition spread the word that the Chicago Tribune editorial urged the legislature to stand …

Continue reading »

Colorado copies California’s EV mandate at auto dealers

  In less than 10 years, Colorado officials want 82% of dealer lots to include electric vehicles. They want to be like California. The vote by the state’s Air Quality Control Commission was an expansion of the state’s existing mandate and provides for increased EV sales by 2032. It also came as the Colorado Automobile …

Continue reading »

ONE Gas increases lending agreement

  ONE Gas revealed this week it increased its lending agreement from $1 billion to $1.2 billion. The increase agreement was made effective Oct. 20 with its revolving credit firm, the Bank of America, N.A. The agreement was revealed in a filing with the Securities and Exchange Commission. “The Increase Agreement increases the aggregate commitments …

Continue reading »

UAW strike hits close to home

The United Auto Workers union strike is no longer states away from Oklahoma….it’s next door. The strike against General Motors Arlington Assembly plant in Texas was started Tuesday morning as 5,000 union workers walked off the job, joining nearly 45,000 other membes on the picket lines. The expansion means GM’s Chevy Tahoe,Chevy Suburban, GMC Yukon …

Continue reading »

Wells Fargo booted from Texas bond deal over ESG policies

  Just like Oklahoma, Texas has a law banning financial companies from doing business with the state if they discriminate against the oil and gas industry. Wells Fargo & Co. found it out recently when it was dropped from underwriting a school district bond deal in Texas. It is the latest example of the battle …

Continue reading »

Oklahoma House Committee dives into performance based ratemaking

  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 …

Continue reading »