Oklahoma

IEEFA Research

IEEFA U.S.: As oil and gas wane, Texas wind industry ascends

IEEFA U.S.: As oil and gas wane, Texas wind industry ascends

Case study Nolan County: Strengthening jobs, economic development, tax base

August 10, 2020 (IEEFA) — The wind industry in West Texas continues to create jobs, increase local tax revenues and drive economic development in an area known historically for its boom-and-bust oil cycles, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA).  The report—As Oil and Gas Wane, Texas […]

More News and Commentary

ExxonMobil to take $20 billion writedown, cut development spending

Bloomberg: Exxon Mobil Corp. is about to incur the biggest writedown in its modern history as the giant U.S. oil and gas producer reels from this year’s collapse in energy prices. Exxon — traditionally far more reluctant to cut the book value of its business than other oil majors — on Monday disclosed it will […]

December 1, 2020 Read More →
IEEFA U.S.: Coal plants close as renewable energy construction rises

IEEFA U.S.: Coal plants close as renewable energy construction rises

Two sectors heading quickly in opposite directions

Joe Biden’s win in the U.S. presidential election has sparked thousands of words about coming changes to the electric utility sector; the reality is that the marketplace is already quickly pushing these changes. During the past three weeks, seven utilities have announced plans to close or convert almost 9,500 megawatts (MW) of coal-fired generation across […]

November 20, 2020 Read More →

AEP CEO says company on ‘precipice’ of renewable energy transformation

S&P Global Market Intelligence ($): American Electric Power Co. Inc. plans to continue investing in clean energy resources to build on its planned acquisition of wind projects in Oklahoma, despite lingering uncertainty from the coronavirus pandemic and the upcoming U.S. elections. “The way I see it is we are just on the precipice of a […]

October 23, 2020 Read More →
IEEFA U.S.: As oil and gas wane, Texas wind industry ascends
, , and

IEEFA U.S.: As oil and gas wane, Texas wind industry ascends

Case study Nolan County: Strengthening jobs, economic development, tax base

August 10, 2020 (IEEFA) — The wind industry in West Texas continues to create jobs, increase local tax revenues and drive economic development in an area known historically for its boom-and-bust oil cycles, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA).  The report—As Oil and Gas Wane, Texas […]

U.S. installs 2,617MW of wind power in first quarter, additional 13,383MW under construction

S&P Global Market Intelligence ($): The U.S. in the first three months of 2020 added 2,617 MW of wind power capacity, a record amount for a first quarter of any year. According to an analysis from S&P Global Market Intelligence, the U.S. now has 107,801 MW of total installed wind power capacity. That is a […]

June 19, 2020 Read More →

AEP CEO: Ratepayers will save $3 billion from utility’s investment in new Oklahoma wind projects

S&P Global Market Intelligence ($): American Electric Power Co. Inc. (AEP) said May 27 it will proceed with a $2 billion investment in 1,485 MW of wind energy resources to be built in Oklahoma following state approval. Also on May 27, the Louisiana Public Service Commission has approved a proposal from AEP subsidiary Southwestern Electric Power […]

May 28, 2020 Read More →

IEEFA update: Doubling down on utility-scale renewables

Solar and wind continue to attract investors as fossil fuel assets fall

Amid the global economic crisis, utility-scale wind and solar continue to be seen not just as a long-term investment but one for the near term as well.  Writing from Australia this week, my colleague Bruce Robertson notes that two big energy companies—Origin and Santos—are pulling back on oil and gas capital spending but forging ahead on […]

April 8, 2020 Read More →

Wind provided record 40.2% of Oklahoma’s statewide electricity generation in 2019

The Oklahoman: Oklahoma’s use of wind energy to generate electricity continues to increase. A record 40.2% of all state’s generated energy in 2019 was powered by renewable technology, Oklahoma Power Alliance representatives announced Tuesday during a Clean Energy Day at the state Capitol. In 2018, Oklahoma’s wind farms generated about 36% of the energy created […]

March 5, 2020 Read More →

Williams Companies shelves proposed Constitution Pipeline in New York

Oneonta Daily Star: Williams Companies, the Oklahoma energy giant, confirmed Friday that it has shelved the Constitution Pipeline, a proposed interstate natural gas pipeline that triggered a prolonged battle between environmental activists and pro-development advocates. “Williams — with support from its partners, Duke, Cabot and AltaGas — has halted investment in the proposed Constitution project,” […]

February 24, 2020 Read More →

Oklahoma utility makes it official, 650MW Oklaunion coal plant to close in October

RTO Insider: Public Service Company of Oklahoma formally notified ERCOT on Tuesday that it will retire the coal-fired Oklaunion Power Station in the Texas Panhandle. PSO filed a notification of suspension of operations for the plant, effective Oct. 1. Market participants have until Feb. 11 to file comments before the grid operator makes a final […]

January 23, 2020 Read More →