Minnesota-based Xcel Energy Inc., the company with 210 miles of transmission lines in Oklahoma is transferring its stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market. The move will be effective Dec. 29 after the close of the markets. Xcel Energy shares are expected to begin trading as a …
The two year anniversary of the lifting of the oil export ban is this week. It was Dec. 18, 2015 when President Barack Obama signed the legislation that had been sent to him by the U.S. House and Senate. The first shipment of U.S. crude oil left the Port of Corpus Christi, Texas on Dec. …
New Mexico’s largest electric utility moved this week to begin the shutdown of a coal-fired power plant that’s served customers in the Southwest for decades. The first of two units to be closed at Public Service Company’s San Juan Generating Station was switched off this week. A second unit will be turned off this weekend …
The Nebraska Public Service Commission voted this week to deny motions to reconsider its Keystone XL Pipeline decision. The commission voted 5-0 after hearing oral arguments from pipeline developer TransCanada and the Sierra Club. The motion to have the commission reconsider its earlier vote was a move to amend the application for the pipeline. The …
While Democrats argued in Congress that the tax reform bill was for the wealthy, a review of the drop in corporate taxes shows Oklahoma utility consumers could see real benefits. As figured by Oklahoma Corporation Commissioner Bob Anthony, it’s possible the state’s 4 major utilities, OG and E, ONG, Empire and PSO would pay nearly …
“I guess the Supreme Court just ruled that bribery’s okay.” It’s the reaction of Oklahoma Corporation Commissioner Bob Anthony to the Oklahoma Supreme Court ruling upholding a 1989 rate case where a then-commissioner had taken a bribe from Southwestern Bell Telephone Company. “It’s a sad day for Oklahoma when the state’s highest court can’t even …
The Oklahoma Supreme court has again struck down the efforts of some consumers seeking $16 billion in refunds from AT&T over a bribed Corporation Commission vote in 1989. With one dissenting vote, the justices ruled they had previously ruled against the issue on other occasions and did again this time. They upheld a decision by …
The Oklahoma Corporation Commission has started reviewing its rules on deadly and poisonous gas from oil wells following complaints over incidents around one well near Dover in Kingfisher County. As E and E reporter Mike Soraghan recently found, the Oklahoma Department of Environmental Quality is also investigating. Residents in Dover have growing concerns after a …
Arkansas has taken its fight against a Federal Energy Regulatory Commission ruling to the D.C. Circuit court. The Arkansas Public Service Commission is still fighting a FERC decision earlier in the year that Entergy Arkansas Inc. should not have to make millions of dollars in “bandwidth payments.” Oral arguments were heard Friday in Washington D.C. …
While gasoline inventories across the U.S. continued to swell with the approaching holiday, oil prices just can’t seem to get out of the mire they’re stuck in. West Texas Intermediate crude closed Friday on the New York Mercantile Exchange at $57.30, an increase of 26-cents a barrel for the day or just under half of …