Oklahoma Corporation Commissioners meet this week to handle a number of permanent rulemaking changes. At least 8 such proposed changes are on the agenda for Thursday’s meeting that will begin at 1:30 p.m. Some concern fuel inspection while others focus on underground storage tanks, aboveground storage tanks, indemnity fund and Corrective Action of Petroleum …
January 2024 archive
Big Elk Energy Systems gets attention from Williams Cos.
The name Big Elk translates to Opahtunkah in the Osage language. It stands for strength, courage and leadership – traits that Osage Chief Big Elk himself demonstrated, said Geoff Hager, great-great-great grandson of the former Osage leader. Hager is the owner of Tulsa-based Big Elk Energy Systems, named for his ancestor. Big Elk was …
Energy quick reads
** The U.S. Energy Information Administration expects electric generation from solar to be the leading source of growth in the U.S. power sector through the end of 2025, with 79 GW of new solar capacity projected to come online over the next two years. ** Venture Global LNG has told a U.S. regulator that it cannot meet contracts …
Canoo cites progress in manufacturing EVs in Oklahoma
EV startup Canoo says it has created more than 100 new jobs in Oklahoma where it has a manufacturing plant in Oklahoma City and a battery operation in Pryor. The Journal Record reports the state is home to 20% of the firm’s total workforce. The business newspaper quoted Canoo Executive Chairman and CEO Tony …
Attorney General to monitor natural gas market during frigid weather
Oklahoma Attorney General Gentner Drummond announced Friday that his office will be monitoring natural gas supply and marketing activity during the frigid weather expected over the next few days. With bone-chilling temperatures in the forecast, Drummond said he wants to ensure Oklahomans are not exploited as they were during Winter Storm Uri. “I am committed to …
OGE issues cold weather suggestions
Oklahoma Gas and Electric is asking its tens of thousands of customers to be aware and prepared for the approaching weekend and days of extreme cold wintery weather. The utility issued suggestions on Thursday, saying it is “closely monitoring any potential weather impact from the very cold temperatures and winter precipitation expected this week.” …
Crude prices gained on word of Iran’s seizure of oil tanker
Middle East tensions on Thursday offset US inflation worries, causing crude oil prices to gain about 1% in trading. Prices rose after Iran seized another crude oil tanker off the coast of Oman, thus increasing prospects of escalating the conflict in that part of the world. Here in the states, US benchmark West Texas Intermediate …
Suit accusing OGE of fraud in Norman tossed out of court
A lawsuit that had accused Oklahoma Gas and Electric of fraudulent collection of electric utility franchise fees in Norman was recently dismissed by a Cleveland County District Judge. Non Doc, the state capitol based online news site, recently reported Judge Thad Balkman took the action in the attempted class-action lawsuit. The suit had been filed …
Hertz complains EVs are too costly and puts up 20,000 for sale
Car rental firm Hertz isn’t totally sold on the future of electric cars. In fact, the firm announced Thursday it was selling nearly 20,000 of its EVs. Hertz wants to replace them with gas-powered cars. Here’s why. It costs too much to repair EVs involved in collisions and left damaged. Hertz had originally intended to …
Hundreds to lose jobs over warehouse shutdown in Jenks
A major warehouse operator in Jenks announced plans to end operations in March, a move that will put 270 employees on the unemployment line. Warehouse Specialists Inc. notified the state of its intentions as part of the WARN or Worker Adjustment and Retraining Notification Act. The company, based in Wisconsin with facilities throughout the …