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Business energy briefs, May 23, 2014

Business energy briefs, May 23, 2014
Oklahoman Published: May 22, 2014


State wind specialist gets honor

Kylah McNabb, the Oklahoma Commerce Department’s wind development specialist, earned the rising star award at this month’s American Wind Energy Alliance conference in Las Vegas. McNabb was recognized May 8 at the Women of Wind Energy Awards luncheon at Windpower 2014. McNabb worked for the Oklahoma Wind Power Initiative and Horizon Wind Energy before moving into her current position. She also is a 2011 graduate of the National Renewable Energy Laboratory’s executive energy leadership program.

Equal energy seeks contract OK

Equal Energy Ltd. has scheduled a special meeting for its shareholders to consider the company’s proposed acquisition by Petroflow Energy Corp. The deal must be approved by two-thirds of Equal’s shareholders. Tulsa-based Petroflow has agreed to pay $5.43 a share of all of Equal's outstanding stock, putting the value of the deal at about $230 million. Two of Equal’s largest shareholders have expressed opposition to the deal, but there currently are no other options for shareholders to consider. The company’s special meeting will be July 8 in Calgary, Equal’s former home before moving to Oklahoma City last year.

Williams dividend increases

The Williams Cos. Inc. will pay a regular dividend of 42.5 cents a share on June 30, the company announced Thursday. That is a 20 percent increase over the same period of last year. Williams said last week it expects to continue increasing dividends by 20 percent through 2016. Williams has paid a quarterly dividend since 1974.

PSO aids food pantries with bulbs

Public Service Co. of Oklahoma is doing its part to help food pantries that sometimes have to choose between feeding families and paying their utility bills. The Tulsa-based utility will donate one energy-efficient, compact fluorescent light bulb to a food pantry for every PSO-discounted bulb purchased by its customers in May and June. A list of participating retailers is on PSO’s website. “We know that families in need are often forced to make difficult decisions and sometimes food dollars get cut in order to cover other life expenses,” said Dawn Casey, PSO’s consumer programs coordinator. “But through the Shine A Light Project, we can provide our neighbors in need with a ray of hope.”

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