Former state Senator Brian Bingman walked away Tuesday with the Republican nomination for Corporation Commission, receiving more than 53% of the more than 236,000 votes cast in Oklahoma’s only state-wide election in the primary. As of 9 p.m. Tuesday, two hours after the polls closed, Bingman, who resigned last fall as Secretary of State …
Shareholders of both Chesapeake Energy of Oklahoma City and Southwestern Energy of Houston, Texas voted overwhelmingly Tuesday to approve the proposed more than $7 billion merger of the two companies. The merger was announced in January and went to a vote of shareholders of each company. The Federal Trade Commission still must sign off …
Tuesday was another day of gains for crude oil prices as they rose by more than 1%, thanks to growing tensions in Europe and the Middle East as the wars in Ukraine and Gaza remain a threat to global supply. West Texas Intermediate crude, the U.S. benchmark, rose $1.24 or 1.5% and settled at $81.57 …
An Administrative Law Judge spent two hours Tuesday morning hearing testimony regarding Oklahoma Gas and Electric’s reduced rate hike request totaling $126.6 million before adjourning to hear oral arguments on Thursday. Judge Carly Ortel presided over the second hearing scheduled into the rate hike request that had originally totaled $332 million before the utility …
Oklahoma has some of the lowest gasoline prices in the U.S. despite signs of increases in the past few weeks. The state’s average this week, according to AAA, reached $3 a gallon, up 3 cents for last week. A month earlier, the statewide average was $3.11. Prices in Oklahoma City average $3.01, 9 cents …
The Southwest Power Pool, the 14-state electricity grid of which Oklahoma is a member, is one of four grid operators coming under scrutiny by the Federal Energy Regulatory Commission. The SPP, according to reports, might have questionable rules about the right of transmission owners to pay for and also earn a profit on network …
One of the latest lawsuits against the Biden administration over its controversial tailpipe emissions rule comes from an unlikely alliance of oil, corn industry lobby groups and truckers. They’ve filed suit against the Environmental Protection Agency’s rule to dramatically cut planet-warming tailpipe emissions from cars and trucks. The top lobby groups for oil and …
** The Senate is poised to send a major energy bill to President Biden’s desk this week, which could allow for more nuclear power to be built throughout the U.S. The legislation seeks to reduce fees for companies that are proposing to build nuclear reactors and establishes a prize that aims to incentivize nuclear deployment. ** Fisker …
The Biden administration was sued this week by the states of Texas, Louisiana and Mississippi in a move to stop the proposed rule requiring the offshore oil and gas industry to come up with nearly $7 billion to cover costs of removing old infrastructure. The lawsuit was filed against the U.S. Bureau of Ocean …
While temperatures soared to 107 degrees in parts of New Mexico on Monday, the state’s major utility indicated it did not anticipate brownouts even after the firm closed its main coal-fired power plant near Farmington. Public Service Co. of New Mexico credits the ability to avoid brownouts after the shutdown of its San Juan …
