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
TULSA — 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
TULSA — 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.”
Duke Energy makes cleanup plan
RALEIGH, N.C. — Federal environmental officials have reached a deal with Duke Energy to clean up its mess from a massive coal ash spill into the Dan River. The U.S. Environmental Protection Agency announced Thursday it had set an agreement with the nation’s largest electricity company over the Feb. 2 accident. The spill coated 70 miles of the river in North Carolina and Virginia with toxic gray sludge. EPA will oversee the cleanup in consultation with federal wildlife officials under provisions in the Superfund law. Duke will reimburse the federal government. Duke has already begun vacuuming out three large deposits of ash found in the river. The byproduct left behind when coal is burned to generate electricity contains numerous toxic substances, including arsenic, selenium, chromium, thallium, mercury and lead.
Iraqi oil exports rise in April
BAGHDAD — Iraq’s Oil Ministry says crude exports have averaged 2.51 million barrels a day in April, a nearly 6 percent increase from March. In a statement Thursday, the ministry said April’s revenues stood at $7.582 billion, based on an average price of $100.691 per barrel. March’s oil exports averaged 2.37 million barrels a day, bringing that month’s revenues to $7,507 billion. The ministry says a major pipeline remains idle because of “terrorists’ attacks.” It exports oil through Turkey’s Mediterranean port of Ceyhan, pumping 300,000 to 400,000 barrels a day. It goes through Sunni-dominated areas and has been a favorite target for militants. Iraq holds the world’s fourth largest oil reserves, some 143.1 billion barrels. Oil revenues make up nearly 95 percent of Iraq’s budget.
From Staff and Wire Reports