Kratos, the California-based drone maker with a plant in Oklahoma City reported third quarter revenues of $274.6 million and operating income of $12.2 million. The company’s adjusted EBITDA totaled $27.7 million. At the same time, the firm made available a rendering of its latest stealth drone effort, the Thanatos. Kratos indicated it hopes to …
Double standard for Oil and Gas Industry and the Wind Industry?
The question has been raised in light of this past week’s damaging announcement that Orsted was pulling out of the Biden administration’s major wind project off the coast of New Jersey—is there a double standard for the wind industry as compared to oil and gas when it comes to subsidies? While the Biden administration …
Critics of Biden’s hydrogen hub plan call it “loony”
The effort by the Biden administration to pour $7 billion into development of regional hydrogen hubs, of which Oklahoma was not recently chosen, has its critics. Some have described the hydrogen hubs as a “key pillar of Bidenomics” and Oklahoma joined with Arkansas and Louisiana in hopes of being picked as one of several …
AARP says PSO rate hike would have been higher
The Oklahoma AARP says 5,000 of its members helped lower PSO’s original rate hike request which was eventually lowered last Friday and approved by the Oklahoma Corporation Commission. The members sent complaints to the commission when Public Service Company originally filed a $294 million rate hike request. However, the comments in opposition to the …
Oklahoma to get more snowfall this winter?
With the arrival of El Nino, the discussion in recent days is which states will get more snowfall this winter and those that won’t. Oklahoma? According to the Climate Prediction Center, a division of the National Oceanic and Atmospheric Administration, will get more snow as El Nino lasts into spring. A map released by …
Kansas regulators won’t open winter storm gas invoices
The allegations of “price gouging” against natural gas suppliers in Kansas has turned into an open records battle. The Kansas Corporation Commission has denied the request of an attorney who wanted to know how much suppliers were paid during the 2021 Winter Storm Uri, the same storm that paralyzed Texas, resulted in rolling blackouts …
Short reads
** Taking a page from the “throw-the-bums-out” script in politics, Mainers are poised to vote on an unprecedented plan to rid themselves of the state’s two largest electric utilities and start with a clean slate. ** American Electric Power discloses that it is in negotiations with federal regulators to resolve allegations about the utility’s role in the bribery scandal …
PSO gets its latest rate hike approved by regulators on a split vote
After two recesses on Friday, Oklahoma Corporation Commissioners held a 7-minute meeting in which they approved a rate hike case for Public Service Company of Oklahoma, a case described as a “nightmare” by one regulator and a “dereliction of duty” by another. The delays were the result of a new final order proposed by …
Daylight saving time is “annoying” to Sen. Lankford
While Oklahoma and most other states deal with Daylight Saving Time this weekend, Oklahoma U.S. Sen. James Lankford observed that the time change is no longer necessary. “It certainly isn’t the most significant international issue right now, but time change is still annoying,” declared the Senator. ” Even though for most, “fall back” isn’t …
Crude oil prices finished down 2% on Friday
Friday brought a 2% drop in crude oil prices but they also finished nearly 6% down for the week. The Friday close came a day after prices managed a rebound on Thursday. The latest impact was the focus on supply concerns as tensions eased somewhat in the Middle East. West Texas Intermediate crude dropped $1.95 …