PEMA Professional Energy Marketers Association
The U.S. House Committee on Science, Space and Technology, led by Oklahoma Rep. Frank Lucas passed bills this week to advance the nation’s leadership in quantum sciences and strengthen the country’s commercial space sector. Lucas called them “critical pieces of legislation” to secure the country’s global competitiveness in the …
Read More »ONE Gas expects lower earnings in 2024
ONE Gas, the Tulsa-based company with 2.3 million customers in Oklahoma, Kansas and Texas, came out with its 2024 fiancial guidance this week, expecting 2024 net income to be $214 million to $231 million….lower than the 2023 financial guidance. The company said earnings per diluted share are anticipated to …
Read More »Crude oil gained nearly 2% in Wednesday’s trading
The gain of $1 a barrel for crude oil prices Wednesday didn’t help Oklahoma energy stocks much at all as they were mixed in trading. The boost in crude prices came as investors await probable fresh supply cuts from OPEC+ and analyze the jump in U.S. crude stockpiles. US benchmark, …
Read More »More increases in crude stocks at Cushing and the U.S.
Crude stocks at the Cushing Hub in Oklahoma and across the U.S. recorded gains in the most recent reporting period, reported the U.S. Energy Information Administration. The gains came as a Japanese refiner permanently closed a 120,000-barrels-a-day refinery in western Japan while another company announced plans to shut down …
Read More »Heartland Flyer extension still in the works
Proposed Heartland Flyer extension, connecting Oklahoma City to Newton. (Courtesy Kansas …) Updating the latest efforts to extend Amtrak rail passenger service from Oklahoma City north to Newton, Kansas, the Kansas Transportation Department is attempting to get input from travelers in Oklahoma, Kansas and Texas. A push is underway not …
Read More »Entergy agrees to $142 million repayment to Arkansas customers
Arkansas utility regulators recently approved a $142 million offer from Entergy to repay ratepayers for the firm’s alleged mismanagement of its Grand Gulf nuclear power plant in Mississippi. The Arkansas Public Service Commission had rejected the offer in August 2022 as insufficient, but dropped its objections with little fanfare …
Read More »Corporation Commissioner says rights of ratepayers are violated
Oklahoma Corporation Commissioner Bob Anthony came out Wednesday with a claim that the constitutional rights of ratepayers are “repeatedly violated” because the attorney general is “trying to represent competing interests at the same time.” While critical of the situation for Attorney General Gentner Drummond, Commissioner Anthony also praised Drummond’s …
Read More »Rep. Lucas to lead House committee vote on technology and space bills
Oklahoma Congressman Frank Lucas and the House Science, Space and Technology Committee he chairs will vote Wednesday on the final passage of two bills. LEGISLATION TO BE CONSIDERED: H.R. 6213, The National Quantum Initiative Reauthorization Act Reauthorizes the National Quantum Initiative Act ensuring continued U.S. leadership in quantum technology. …
Read More »Attorney General tight-lipped about his price gouging investigation
It remains to be seen or admitted by Oklahoma Attorney General Gentner Drummond what really prompted him to suddenly expand his investigation into the market manipulation of natural gas prices during the 2021 winter storm Yuri. Drummond isn’t talking about any details regarding the subpoena he issued to the …
Read More »EV charging station rules to be considered by regulators
Oklahoma utility regulators will meet Thursday afternoon to adopt new rules regarding electric vehicle charging stations across the state. The matter is on the agenda for the 1:30 p.m. meeting of the Corporation Commission. The proposed rules will apply to those who maintain or operate public EV charging stations. …
Read More »