Williams Cos. awaits a decision from New Jersey regulators on its request for approval of its Northeast Supply Enhancement (NESE) pipeline project . The Oklahoma-based company complied with a recent September 25 deadline at the New Jersey Department of Environmental Protection. Before Williams can move ahead with the pipeline project, it will need …
International Linemen’s rodeo underway–yee haw
An international rodeo is underway this week in Overland Park, Kansas…..a Lineman’s Rodeo. It’s competition among the men and women who climb utility poles in the middle of stormy weather to make repairs and restore electrical power. Oklahoma crews will be among those taking part in the competition as they go up against …
New Mexico Senator accuses Energy Secretary of “stealing” energy grants
New Mexico U.S. Sen. Martin Heinrich accused Energy Secretary Chris Wright of stealing federal funding for “fully legally compliant energy projects.” He’s also getting his state attorney general involved in fighting Wright’s move of cancelling nearly $8 billion in green energy grants. Heinrich might have some sway in the fight since he is the top …
Oklahoma transmission lines to be rebuilt through $1.6 billion loan guarantee
U.S. Secretary of Energy Chris Wright announced the Department of Energy’s (DOE) Loan Programs Office (LPO) closed a $1.6 billion loan guarantee to strengthen grid reliability and ensure lower electricity costs across the midwestern region of the United States. It is a program that will involve the rebuilding of transmission lines across Oklahoma …
Trucking firm reports 3Q earnings gain of 12%
Despite stagnant revenue over the past year, J.B. Hunt Transport Services Inc. based in Arkansas reported a more than 12% gain in third quarter income totaling $170.85 million. A year ago, the trucking company’s third quarter revenue was $152.07 million. The increase amounted to a 12.3% gain and an earnings per share of $1.76. …
ONEOK 3Q dividend unchanged from 2Q
A dividend of $1.03 per share was announced this week by ONEOK, the utility company headquartered in Tulsa. The firm’s board of directors approved the quarterly dividend which, on an annual basis, figures to be $4.12 a share. It is also unchanged from the second quarter dividend. As the firm announced, the dividend …
Frosty weather is a possibility this weekend in the Oklahoma Panhandle
Okay, okay, it might not be that cold for Oklahomans to see “frost on the pumpkins.” Well, maybe. State Climatologist Gary McManus said there is a remote possibility that this weekend’s cold air blast might bring some frost in the Panhandle. After all, the first freeze of the season could occur. .”…there’s not really …
Consumers wait for next step in OGE’s controversial CWIP request
After two days of hearing legal challenges and claims regarding a request of Oklahoma Gas and Electric Company to pass along construction costs of natural gas-related projects, an Oklahoma Corporation Commission Administrative Law Judge and commissioners will sometime soon have decisions to make. The costs are based on the controversial law stemming from SB998, …
Energy Brief: Data Centers and Global Energy Developments
U.S. Developments: Data, Energy, and Policy Plans for an $18 billion data center campus north of Chicago are raising concerns over electricity and water usage. Local officials welcome the investment but residents worry about the strain on public resources. At the same time, an investor group including BlackRock and Nvidia will acquire Aligned Data Centers …
Crude oil prices hit 5-month low
Crude oil prices dropped Wednesday, hitting a five-month low amidst the growing tensions between the U.S. and China in their tariff dispute over rare earth minerals. Adding to the pressure was the International Energy Agency prediction of a supply surplus in 2026. A forecast from Bank of America also rained on the parade, …
