New research from the American Council for an Energy-Efficient Economy (ACEEE) shows that a quarter of low-income households in the United States spend more than 15% of their income on energy bills. Consistent with ACEEE’s previous research, the new policy brief found that on average low-income residents, Black households, and Hispanic households experience higher energy …
The latest inflation data once again revealed that electricity price inflation is driving general price increases and is outpacing other energy commodities. It also prompted one association to call for more competitive bidding for the construction of electrical transmission lines. Wednesday’s Bureau of Labor Statistics report says that on an annual basis, electricity price inflation …
After a big drop on Tuesday, crude oil prices rose more than 2% on Wednesday because of fears Hurricane Francine might hit U.S. offshore oil production and cause production shutdowns. The gain also came as the country reported an increase in crude inventories. However, the Cushing Hub saw a decline. West Texas Intermediate crude rose …
Three persons are recovering after being injured in an explosion and fire at a Maysville substation connected to a gas plant. The incident occurred Wednesday morning around 8:45 and the three were medi-flighted to the OU Health and Baptist hospitals in Oklahoma City. Garvin County Emergency Manager Dave Johnson was quoted as saying an …
If there is extensive damage in Louisiana over the anticipated arrival of Hurricane Francine, Oklahoma Gas and Electric Company crews are there to assist with electrical power recovery. Nearly 150 line crew members left Oklahoma early Wednesday morning representing OG&E stations from Oklahoma City, Enid, Ardmore, Muskogee, Kellyville, and Fort Smith, Arkansas. The company …
Tulsa-based Helmerich & Payne announced it had priced an offering of $1.25 billion in senior notes to help pay for its recent acquisition of an international oil and gas operation headquartered in the United Kingdom. The acquisition, announced in late July, totaled $1.9725 billion in cash as Helmerich & Payne took over KCA …
(Photo by Jonathan Raa/NurPhoto via Getty Images) A review of the amount of money dumped into lobbying efforts, both pro and con when it comes to EVs, shows the eventual total for 2024 will surpass what was spent last year. Open Secrets found intense lobbying efforts came from supporters of electric vehicles and those who …
Two high-speed internet expansion projects worth $4.8 million were launched Tuesday afternoon in the town of Slick in Creek County by the Oklahoma Broadband Office and ecoLINK fiber services. The projects, funded through $2.9 million in federal grants administered by the OBO coupled with $1.9 million in matching funds from ecoLINK, a subsidiary of …
Halliburton Company is already planning for the release of its third quarter financial results. The company announced it will make the release before the start of a conference call scheduled for Thursday, Nov. 7, 2024. The call will begin at 8 a.m. Central Time. The Company will issue a press release regarding the third …
ONEOK, Inc. announced that it has priced an offering to sell $7.0 billion of senior notes, consisting of: $1.25 billion of 3-year senior notes at a coupon of 4.25%. $600 million of 5-year senior notes at a coupon of 4.40%. $1.25 billion of 7-year senior notes at a coupon of 4.75%. $1.60 billion of 10-year senior notes at …
