** EV battery recycling company Li-Cycle files for bankruptcy, putting up for sale an operation that includes a massive unfinished recycling center in western New York and five satellite battery shredding facilities. ** Meyer Burger lays off as many as 350 employees at its solar panel assembly facility that opened last year in Goodyear, Arizona. …
Category: Oil & Gas
Mitchell talks energy with Jerry Bohnen—utilities want more from ratepayers
Mitchell talks energy with Jerry Bohnen and they explore how Oklahomans will soon feel the hit on their wallets and pocketbooks following rate increase requests filed by OG&E and ONG. One involves a new law allowing utilities to soak ratepayers for ongoing construction projects. Oh, don’t forget PSO and its current request that could …
A change of heart for Williams Cos over gas pipelines in New York?
Just as we’ve been reporting about the prospects of Williams Companies attempting a third time for approval of a natural gas pipeline into New York state, the Wall Street Journal reports the Tulsa-based company is in the process of filing permitting paperwork. The fililng, according to reports, will be with federal energy regulators …
Decision by OPEC+ results in oil price jump
The decision by OPEC+ on Wednesday to leave output unchanged prompted a 1% gain on crude oil prices, a move that resulted in losses for many Oklahoma energy stocks. While OPEC+ didn’t move to increase production, it voted to create a mechanism for setting baselines for oil production in 2027. Another move that also …
Tribe to appeal Judge’s order in Dakota Access pipeline fight
Energy Transfer can expect its court fight with the Standing Rock Sioux Tribe over the tribe’s efforts to shut down the Dakota Access pipeline several years ago is not finished. The Tribe intends to appeal a federal judge’s ruling that was in favor of Energy Transfer, the Dallas-based company that owns the pipeline. The …
Energy briefs
** Unless new evidence emerges about how the Eaton Fire in Los Angeles started earlier this year, Southern California Edison and parent company Edison International Inc. are likely to incur “material losses,” Edison President and CEO Pedro Pizarro said earlier this week. Pizarro said company officials and other investigators have made progress of late on …
New state law to be reviewed by Oklahoma regulators
A new state law that allows utilities to begin charging ratepayers for projects while they are under construction will get the public attention Thursday of Oklahoma Corporation Commissioners. While commissioners at one time suggested SB998 infringed on their constitutional powers and they might challenge its constitutionality in the courts, they will discuss the …
PSO’s request for power plant acquisition to go before regulators on Thursday
Oklahoma Corporation Commissioners could decide Thursday whether to approve a Public Service Company request for preapproval of its acquisition of the Green Country Power Plant, a request an Administrative Law Judge and the Commission’s Public Utilities Division say should be denied. In a 1:30 p.m. meeting, Commissioners will consider the PSO request, which …
OGE wants preapproval for power expansion and work in progress
Not only does Oklahoma Gas and Electric Company want Oklahoma Corporation Commission approval to raise rates, it is also seeking preapproval for electric transmission projects that will also likely result in increased costs to consumers. The company, serving 907,000 customers covering 30,000 square miles in Oklahoma and western Arkansas says its 2024 Integrated …
Oil down, OK energy stocks up on Tuesday
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 …