Oklahoma Ahead of Growing Pushback on Data Center Tax Breaks Five years after the Oklahoma legislature approved a measure to keep data centers from qualifying for tax breaks, the movement is growing across the U.S. Several legislatures are considering legislation to slow down or restrict data center development by repealing tax exemptions. Some, such as …
American Electric Power, the parent company to Public Service Company of Oklahoma, reported its revenues of $5.31 billion rose 13.2% from the year-ago quarter’s level of $4.70 billion. Full-Year Revenue Performance For 2025, the company recorded revenues of $21.88 billion, which missed the Zacks Consensus Estimate of $21.96 billion. The full-year top line, however, improved …
Maryland Senator Targets Data Centers Over Grid Costs A U.S. Senator from Maryland is moving to address the growing strain data centers place on the nation’s electric grid, echoing legislative efforts now underway in Oklahoma that seek to rein in the soaring energy demands of large-scale technology facilities. Sen. Chris Van Hollen has introduced federal …
Energy Brief: Policy, Power, and Global Markets U.S. plans $12B critical minerals stockpile President Donald Trump announced the U.S. will build a $12 billion stockpile of rare earth elements and other critical minerals to counter reliance on China, using a $10 billion loan from the U.S. Export-Import Bank and nearly $2 billion in private funds. …
Energy policy takes center stage ahead of Oklahoma’s 2026 session Energy policy — from data centers and artificial intelligence to water use, eminent domain, taxation, and the Oklahoma Corporation Commission — is poised to dominate discussion when the Oklahoma Legislature convenes for the 2026 regular session in early February. More than 60 energy-related bills were …
Google Accelerates Data Center Expansion in Arkansas, Near Oklahoma Google is moving aggressively to expand its data center footprint across the central United States, with major projects advancing in Arkansas while new developments also take shape just across the Oklahoma state line. The expansion comes the same week it was confirmed that Google plans to …
Marlow State Rep. Brad Boles says he is moving to protect Oklahoma utility customers from paying higher power bills tied to the explosive growth of data centers across the state. Boles, a Republican who is also running for the Oklahoma Corporation Commission, announced he has filed legislation designed to stop utilities from passing the electricity …
Fermi AI data center facing challenging finances A highly promoted AI data center project in Amarillo linked to former Texas Gov. Rick Perry is facing renewed uncertainty after the loss of a major investor and a sharp decline in market value. The project, developed by Fermi Inc., reportedly lost a $150 million funding commitment tied …
Fort Worth project highlights scale of data center expansion While several Oklahoma cities are weighing proposals for $1 billion data centers, a much larger project proposed on the southeast side of Fort Worth, Texas, underscores how massive some developments tied to artificial intelligence and cloud computing have become. According to reporting by the Fort Worth …
