Tuesday’s trading, prompted by worries a possible OPEC+ decision to increase output, resulted in a 1% fall in crude oil prices. At the same time, investors were influenced by progress in the talks between Iran and the U.S. It also sent Oklahoma energy stocks up for the day. OPEC+ members are to meet Wednesday …
By Mike W. Ray Southwest Ledger Oklahoma Natural Gas Co. has asked the state Corporation Commission to approve its fifth rate hike in five years: a request for a $41.5 million increase. Company officials contend that ONG’s earned return on equity for calendar year 2024 was lower than the 9.4% ROE authorized by …
Details haven’t been released yet, but customers of Oklahoma Gas and Electric better brace for another rate hike request coming from the utility after recording an increase in 2024 net income to $470 million. A recent filing with the Oklahoma Corporation Commission made by OG&E attorneys stated the company “hereby gives notice to …
Oklahoma might have some of the lowest electricity rates across the country, but a new study of retail electricity markets across the U.S. doesn’t give Oklahoma a high mark when it comes to fostering cutomer choice and market-based electricity options. The R Street Institute, a nonpartisan public policy research group gave a “D” to Oklahoma …
Fiber-optic internet provider Metronet is expanding its service to include the city of Tulsa. Described by PCMag as the “Fastest Major ISP,” Metronet, based in Evansville, Indiana, is privately funding the multimillion dollar investment in Tulsa’s digital infrastructure. According to an announcement in BusinessWire, the project will bring symmetrical, multi-gigabit speeds to thousands of homes …
The Grand River Dam Authority members await word that Oklahoma Gov. Kevin Stitt has signed a bill to increase the authority’s bonding capacity as part of its attempt to expand electricity generation. As NonDoc reported, HB 1422 was sent to the governor’s desk late Thursday night but as of Tuesday, the legislative history …
The Oklahoma Department of Environmental Quality plans a public hearing June 11 in Miami regarding the remediation efforts that have been underway for two years at the former BF Goodrich Manufacturing plant. Geosyntec Consultants inc. requested a synthetic minor source operating permit on behalf of Michelin North America, Inc. The former Goodrich tire …
** ENGIE North America announces a deal with an investment management company to build 31 battery energy storage facilities to strengthen grids in Texas and California. ** The White House proposes cutting the Low-Income Home Energy Assistance Program, which provided utility assistance to nearly 60,000 families in West Virginia in 2022. ** New Orleans-area officials …
The White House contends in exchange for the Trump administration lifting its freeze on a New York offshore wind farm, New York Gov. Kathy Hochul agreed to allow construction of two natural gas pipelines in her state. The governor’s office says not true and that the only way such pipelines will be approved …
Of the oil and gas plays across the U.S., one in Oklahoma saw the most dramatic gain in drilling activity, according to the latest Baker Hughes rig count. The Granite Wash was also one of 4 plays across the country that did not record a decline in the past week. Its count remained …
