CWIP Dispute Leaves OG&E Request Under Advisement at OCC Another fight over Construction Work in Progress (CWIP) unfolded this week before the Oklahoma Corporation Commission (OCC) as Oklahoma Gas and Electric (OG&E) pressed regulators for approval to begin recovering construction costs from customers while new power projects are still under development. After hearing arguments from …
AI Data Centers Push Power Prices to Crisis Levels ** AI data centers hit by winter storms this week surged electric costs to as high as $1,200 per megawatt-hour, as Northern Virginia’s hyperscale campuses powering AWS, Microsoft Azure, and other cloud platforms turned what should have been a manageable winter peak into a grid-straining crisis. …
The state attorney general came to the defense of Corporation Commissioner Todd Hiett and said in responding to Supreme Court challenges by Reps. Tom Gann and Kevin West that they made “baseless and inflammatory accusations against the Commission” and their challenges to rate hikes by PSO, OG&E and ONG should be thrown out of …
Gas groups ask Supreme Court to block furnace rule Several major natural gas industry groups are asking the U.S. Supreme Court to intervene in a legal fight over federal efficiency standards that restrict the sale of certain natural gas furnaces and water heaters, arguing the rules could eliminate affordable home heating options for millions of …
Crude oil prices jumped more than 3% on Tuesday as a powerful winter storm disrupted U.S. oil production and temporarily halted Gulf Coast crude exports, lifting Oklahoma energy stocks alongside the broader energy sector. Winter storm disrupts U.S. oil production The severe winter weather strained energy infrastructure across major producing regions, forcing operators to shut …
EIA forecasts near-term U.S. crude oil production will remain near 2025 record Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2026 Data values: U.S. Petroleum and Other Liquids Supply, Consumption, and Inventories In the EIA’sJanuary 2026 Short-Term Energy Outlook, it forecasted U.S. crude oil production next year will remain near the record 13.6 million barrels per …
Williams boosts dividend again as pipeline expansion advances Williams Companies has approved another increase to its quarterly dividend, extending the Tulsa-based natural gas company’s long-standing record of returning cash to shareholders. The company announced Tuesday that its board of directors approved a quarterly dividend of $0.525 per share, a 5% increase from the previous quarter’s …
Deal strengthens lubricant distribution across Oklahoma and region RelaDyne, the nation’s largest distributor of lubricants and a major supplier of fuels and industrial reliability services, has acquired Dennis Oil Company, a long-established Missouri-based blender and distributor of commercial and industrial lubricants. While financial terms of the transaction were not disclosed, the acquisition significantly expands RelaDyne’s …
Gulf Coast Freeze Disrupts U.S. Energy Output ** Oil and gas refiners on the Gulf Coast shut down refining units amid freezing temperatures, disrupting as much as 10% of U.S. natural gas production. Exxon’s XTO Looks to Exit Eagle Ford Assets ** XTO Energy, an Exxon Mobil subsidiary, aims to sell its Eagle Ford shale …
Arkansas regulators approve SWEPCO rate hike for power upgrades Arkansas customers served by Southwestern Electric Power Company (SWEPCO) will see higher monthly electric bills after the Arkansas Public Service Commission (PSC) approved an $85 million rate increase for the utility. According to reporting by the Arkansas Times, the rate hike will raise the average residential …
