ONE Gas revealed this week it increased its lending agreement from $1 billion to $1.2 billion. The increase agreement was made effective Oct. 20 with its revolving credit firm, the Bank of America, N.A. The agreement was revealed in a filing with the Securities and Exchange Commission. “The Increase Agreement increases the aggregate commitments …
The United Auto Workers union strike is no longer states away from Oklahoma….it’s next door. The strike against General Motors Arlington Assembly plant in Texas was started Tuesday morning as 5,000 union workers walked off the job, joining nearly 45,000 other membes on the picket lines. The expansion means GM’s Chevy Tahoe,Chevy Suburban, GMC Yukon …
Just like Oklahoma, Texas has a law banning financial companies from doing business with the state if they discriminate against the oil and gas industry. Wells Fargo & Co. found it out recently when it was dropped from underwriting a school district bond deal in Texas. It is the latest example of the battle …
The arguments made in a legislative hearing on proposed Performance Based Ratemaking for Oklahoma utilities were just as adament for and against on Monday. The House Utilities Committee held the interim study as those preferring the PBR or alternative ratemaking were the utilities represented by Oklahoma Gas and Electric and Public Service Company of …
The Oklahoma Energy Resources Board (OERB) announced the appointment of Elizabeth K. Brown to its board of directors. Brown serves as General Counsel to The Gloria Corporation, a privately held oil and gas exploration and production company founded by her father and based in Ada, Oklahoma. She is also a shareholder and member of …
A big drop in crude oil prices hit the markets on Monday and Oklahoma energy stocks recorded losses for the day. West Texas Intermediate crude for December delivery dropped $2.59 to finish at $85.49 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude droopped $2.33 a barrell and closed at $89.83 …
Some of the residents around a proposed NextEra solar farm near Enid in northern Oklahoma are convinced it will be harmful to them and others. They argue the 200 megawatt, 4-hour battery energy storage system planned as part of the Skeleton Creek NextEra Energy Center has the potential to be explosive and start fires. …
While the Oklahoma Corporation Commission is in the process of holding a Notice of Inquiry and an exploration of alternative ratemaking and right of first refusal, Commissioner Bob Anthony is using a 32-year old previous Inquiry to show the commission does have the ability to investigate utilities and their charges from the 2021 Winter …
Lines were definitely drawn in the sand Monday as those opposed to giving the Right of First Refusal for large transmission-line projects by utilities in Oklahoma had their say and those who want ROFR went before a State Senate interim committee hearing. “It’s an issue most of our members never heard of until last …
Rain, at last, is coming to Oklahoma, thanks to Hurricane Norma, or what’s left of her. Oklahoma State Climatologist Gary McManus says the remainder of the storm will eventually sweep into Oklahoma. “Rainfall amounts over the next 5-7 days could be considerable, at least for SW through central parts of the state. Totals diminish …