U.S. Utilities Face Sharp Increase in Natural Gas Costs A new report from the U.S. Energy Information Administration (EIA) projects that natural gas prices for utilities will rise by 37% by the end of 2025, driven by surging wholesale market costs. While consumers are expected to feel the impact, the cost increase for end users …
Company Advances Toward Final Investment Decision Stardust Power Inc., the company planning a lithium processing plant in Muskogee, said in its third-quarter financial report that it is close to a final investment decision and the start of construction. The financial report showed the firm remains debt-free, has $1.6 million in cash on hand, and improved …
High Court Agrees to Review Landmark Environmental Lawsuit The New Mexico Supreme Court has agreed to hear a case that accuses the state of failing to protect residents from oil and gas pollution. The lawsuit, filed two years ago by Indigenous, youth, and environmental organizations, argues that the state has not met its constitutional duty …
Ukrainian Strike Halts Exports from Major Russian Port Crude oil prices rose sharply Friday after another Ukrainian drone attack struck a Russian oil depot, forcing the port of Novorossiisk to halt exports. The assault caused significant infrastructure damage and renewed global concerns over supply disruption. The attack damaged both a ship and the oil depot …
Hiett Explains His Opposition to CWIP Denial Oklahoma Corporation Commissioner Todd Hiett says he voted against a plan to deny Construction Work in Progress for Oklahoma Gas and Electric not because he was against denial of CWIP but because there was no cost cap on one of the utility’s energy expansion projects. Commissioners approved the …
U.S. ENERGY DEVELOPMENTS Illinois Supreme Court Hears Grain Belt Express Appeal The Illinois Supreme Court heard arguments from Grain Belt Express developers who claim a lower court ruling against their $7 billion multi-state power line project was incorrect. The proposed line would stretch from southwest Kansas to the PJM Interconnection, the nation’s largest electricity market, …
Oil Markets Show Modest Recovery After $2 Decline Crude oil prices posted a slight rebound Thursday following the $2-per-barrel drop on Wednesday, as investors weighed ongoing concerns about global oversupply. Despite Thursday’s uptick, traders remained cautious after the Energy Information Administration (EIA) reported a larger-than-expected increase in U.S. crude inventories, offsetting optimism for a broader …
Oklahoma Corporation Commissioners butted heads Thursday over the controversial Construction Work in Progress request of Oklahoma Gas and Electric Company before voting 2-1 to deny the request as part of hundreds of millions of dollars in improved energy project. Corporation Commissioner Todd Hiett voted against an order proposed and amended by Commissioner Brian Bingman, …
WildEarth Guardians Report Warns of Worsening Pollution Crisis A new report by the environmental group, WildEarth Guardians, claims the number of oil and gas spills that occurred in the third quarter of the year in New Mexico soared 400%. It identified an Oklahoma company has one of the most frequent offenders. The group said four …
NARUC Urges FERC to Respect State Authority The National Association of Regulatory Utility Commissioners (NARUC) called on the Federal Energy Regulatory Commission (FERC) to respect state authority over retail electricity sales and protect ratepayers from higher costs linked to data center interconnections. Regulators warned that federal overreach could raise prices for consumers already facing infrastructure …
