NextEra Energy, the renewable energy company with wind farms in Oklahoma, recorded lower revenue in its renewables and electric utility businesses during the second quarter. But the drop wasn’t enough to take the wind out of the company’s economic sails. The company, in the midst of a fight with residents in Enid where it …
** According to a report from WalletHub published on July 1, 2024, consumers in Wyoming pay an average of $1,591 annually for electricity. That’s more than four times the cost of electricity in the lowest-cost states. ** Occidental Petroleum, a Texas-based oil company, claims it will be net zero by 2040, but its methods are …
** A proposed hydrogen pipeline that would stretch 200 miles across the Navajo Nation is an environmental threat and a safety concern due to lack of regulations, a Navajo grassroots group argues in an educational campaign about the project. ** Minnesota Power now estimates a coal ash spill at a northern Minnesota power plant is five …
** Debris from a broken offshore wind turbine has for days been washing up on the Nantucket shore, prompting beach closures and frustrating locals at the peak of the summer season. The massive turbine blade – as long as a football field – was part of the Vineyard Wind farm off the coast of Massachusetts and its islands, Martha’s Vineyard …
Bergey Wind Power Company of Norman, Oklahoma is among a dozen firms named as recipients of part of more than $3 million in federal government funding to advance distributed wind turbine technology. Bergey Wind will receive an award of $500,000 to implement advanced blade manufacturing processes to help meeting growing demand and reduce costs. …
** The U.S. Environmental Protection Agency announced a settlement with Hi-Noon Petroleum Inc. resolving alleged Clean Water Act violations involving a gasoline discharge into Grayling Creek in Yellowstone National Park, Wyoming. The company will pay $20,000 and finish a $45,000 supplemental environmental project after the August 2022 incident. ** Offshore wind developers have sent teams to …
ALLETE Inc., the Minnesota-based company with wind farms in Oklahoma plans to release its second quarter earnings report before the stock market opens on Thursday, August 1. Its subsidiary, ALLETE Clean Energy runs the wind farms and is onee of a handful of companies owned by the parent energy company. In addition to its …
The U.S. Energy Information Administration (EIA) expects that the United States will generate more electricity from renewables and coal in the second half of this year, as electricity demand and natural gas prices increase. In its July Short-Term Energy Outlook (STEO), EIA forecasts that natural gas prices will be about 36% higher in the second half …
** The Biden administration announces $1.7 billion to retool or expand 11 auto plants in eight states for electric vehicle manufacturing, including $500 million for General Motors to convert a Michigan assembly plant. ** Tesla’s share of the U.S. electric car market falls to less than 50% in the second quarter as the popularity of General Motors, …
** Exxon Mobil said on Monday lower natural gas prices and refining margins are expected to hit the oil major’s second-quarter earnings. The oil major would be reporting its first earnings after closing the acquisition of Pioneer Natural Resources for $60 billion, with the combined operations making it the largest oil producer in the Permian basin. ** …
