** Amid consternation over blackouts across New Orleans after Hurricane Ida, Entergy floats the idea of moving its headquarters out of the Louisiana city and sets off ripples of concern. ** The Department of Energy reports in 2020, wind energy was the largest source of U.S. electric-generating capacity additions, accounting for 42% of new capacity. ** Commercial buildings in the United …
No slowdown in Oklahoma’s wind power growth
A Department of Energy report on wind power in the U.S. shows Oklahoma with a strong number three ranking in the country in terms of installed wind capacity and wind generation power. The Land-Based Wind Market Report: 2021 Edition provides an overview of developments and trends in the U.S. wind power market. A record 16,836 megawatts (MW) …
OGE wants $875 million to cover storm costs
Customers of Oklahoma Gas & Electric are being told the utility plans to ask state regulators permission to pass along $875 million in February winter storm costs to them over the next 13 years. Corporation Commissioners have to approve the deal. Some of the details were reported this week by The Oklahoman. Click here …
Xcel Energy proposes smart meters for Texas Panhandle customers
Texas regulators will hold hearings on Xcel Energy’s plan to install smart meters in the Panhandle region. Click here for KFDA TV report.
Ørsted and Williams join forces to explore clean energy opportunities in the US
Ørsted and Williams have signed a memorandum of understanding to explore potential jointly developed Power-to-X projects in the US. hrough the MOU, the two companies are identifying ways to leverage Ørsted’s renewables and hydrogen expertise with Williams’ natural gas infrastructure and processing experience to co-develop hydrogen or synthetic natural gas facilities powered by …
Crude oil managed a slight increase in Tuesday’s trading
Modest increases in crude oil prices were recorded in Tuesday’s trading as analysts credited concerns about the global consumption outlook moving forward. The day’s trading left Oklahoma energy stocks confused as some rose and some sank. West Texas Intermediate crude, whose October contract expired Tuesday managed a 27-cent increase to finish the day at …
Legislative studies to focus on tax protests
Oklahoma legislators plan interim studies this week of the impact of ad valorem tax protests on public schools and county services. The hearings will be held by the House Energy and Natural Resources Committee and Reps. Carl Newton R-Cherokee; Dick Lowe, R-Amber; Kenton Patzkowsky, R-Balko; and John Pfeiffer, R-Orlando,. The combined Interim Studies 21-009 and …
Energy news in brief
** The Biden administration on Monday morning announced an interagency plan to deal with the effects of frequent extreme heat waves caused by global warming. The Department of Labor will develop regulations and processes to set and enforce regulations limiting extreme heat exposure for outdoor workers, in industries like agriculture, construction and delivery, and indoor workers, including …
Unit Corporation sells headquarters building
A year after emerging from Chapter 11 bankruptcy, Tulsa’s Unit Corporation announced the sale of its corporate headquarters building in a $35 million deal. As part of the sale, Unit also entered into a multi-year lease for part of the building. The buyer was not identified. “The sale of the headquarters building further strengthens …
Key Energy sells salt water disposal assets in Texas and New Mexico
Key Energy Services, Inc. announced the sale of substantially all of its Texas and New Mexico fluid management and salt water disposal well assets for cash and the assumption by the buyer of the related asset retirement obligations. The sale effectively completes the Company’s exit from this line of business in these states. The …
