After reporting profits of $878 million last year, largely in part to rate hikes, Evergy wants another rate hike approved by Kansas Corporation Commissioners. Just as rate hikes aren’t well received by consumers and ratepayers of Oklahoma utilities, this request isn’t either in Kansas. It’s the headlines in some Kansas news outlets as …
Category: Oil & Gas
EV Tax credits targeted under bill to be voted on Thursday in the House
The big beautiful bill pushed by President Trump and set to be voted on Thursday in the U.S. House includes a number of green energy rollbacks implemented by the Biden administration. It is anticipated to be a close vote as Republicans have only slim control of the House. If it passes, among those …
Slight dip in crude oil prices on Tuesday
Tuesday’s trading brought little change for crude oil prices but both benchmarks registered small declines fo the day as the world waited to see what might come out of the US and Iran negotiations as well as the peace talks between Russia and Ukraine. At the same time, investors were influenced by a cautious …
Corporation Commissoners to continue hearing into PSO power plant acquisition
Oklahoma Corporation Commissioners will continue their hearing Wednesday into the controversial request of Public Service Company for preapproval of its $730 million acquisition of the Green Country Power Plant in Jenks. PSO wants authority to pass along a total of $753 million in costs to ratepayers, claiming the power plant is needed to meet …
Hurricane forecast predicts more storms than usual and refineries will be at risk
A forecast for the approaching national hurricane season claims there will be more hurricanes this year than the 1991-2020 average with an estimated 17 named storms. And many of those could have an impact on the U.S. oil refinery production. The historical average is 14 storms, according to Colorado State University’s hurricane forecast …
Energy briefs
** A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday. ** The possible lifting of U.S. sanctions on Iran’s oil exports could deal a fatal blow to …
Texas rancher leads his own crusade against growth of solar and wind farms
Oklahoma farmers and ranchers who joined forces in recent months in a growing movement against the expansion of wind and solar projects will likely sympathize with a Texas farmer’s similar rejection of the renewable energy industry into his region. It’s a story of central Texas farmer Robert Fleming who has undertaken his own crusade …
Reversal on New York’s offshore wind farms—could it open the doors for Williams and its gas pipelines?
The decision by the Trump administration this week to lift a stop order on the offshore wind farm in New York raised a possibility that New York Gov. Kathy Hochul might have changed her mind about allowing more natural gas into her state. And that could be good news for Williams in Tulsa …
Continental Resources files lawsuit against Hess
Oklahoma City’s Continental Resources has gone to court in Texas with a lawsuit against Hess Corp claiming it was defrauded by up to $69 million in deals it had with the well operator. The lawsuit contended that Continental Resources was cheated out of $34 million to $69 million in revenue from oil and gas production. …
PSO defends power plant acquisition—others urge regulators to deny its request
Public Service Company of Oklahoma defended its proposed acquisition of a Jenks power plant arguing a recommended denial by a Corporation Commission Administrative Law Judge was in error. “The Administrative law judge was in error and misconstrued the rules of the Commission,” argued attorney Jack Fite on behalf of PSO which filed a …