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Oklahoma business briefs for June 3

Oklahoma business briefs for June 3, 2014
Oklahoman Modified: June 2, 2014 at 7:10 pm •  Published: June 3, 2014


Enable increases stake in pipeline

Enable Midstream Partners LP has acquired an additional stake in a 286-mile interstate pipeline from an affiliate of CenterPoint Energy Inc. The deal, which Enable announced Monday, boosts the Oklahoma City-based partnership’s stake in the Southeast Supply Header to 49 percent. Spectra Energy Corp. still owns 50 percent of the line, which runs from a Louisiana hub to southeastern Alabama, near the Gulf Coast. Enable issued about 6.3 million common units to fund the deal, which is expected to add up to $9 million in distributable cash flow for 2014.

State storm insurance event set

Oklahoma Insurance Commissioner John D. Doak will hold a consumer assistance event for tornado survivors with unresolved insurance issues at 6 p.m. Tuesday in the lecture hall at Westmoore High School, 12613 S Western Ave. in Oklahoma City. “While a majority of those affected by last year’s storms have settled their insurance claims, some are still in limbo,” Doak said. “Those claims not settled by now are some of the most difficult to resolve. We promised to be here until the last claim was settled and we will honor that commitment. I encourage anyone with unresolved insurance issues to come to this forum and request our assistance. We will do anything in our power to get their claim resolved so they can move on with their lives.” Those needing help who are not able to attend the forum may call (800) 522-0071 for help with insurance claims.

SEC officials to discuss policies

Senior officials from the U.S. Securities and Exchange Commission will hold an outreach event Wednesday with investment advisers, brokerage firms, and investment funds in the Oklahoma City area to promote compliance with the federal securities laws. The SEC Holding Compliance Outreach Event will be from 1 to 3 p.m. on the eighth floor of Two Leadership Square at 211 N Robinson. SEC examiners from the agency’s Fort Worth office will be in the region this month conducting nonpublic examinations of various local firms as part of an initiative announced earlier this year and directed at never-before-examined firms. Representatives of the Oklahoma Securities Department and the Financial Industry Regulatory Authority will also participate in the compliance outreach event.

Will Rogers board gets leader

Gov. Mary Fallin is appointing Phil Albert, Claremore industrialist, chairman of the Will Rogers Memorial Commission. “Phil has proven leadership skills that will serve him well as chairman of the Will Rogers Memorial Commission,” Fallin said. “The commission will benefit from his solid business sense, hard work and community involvement.” Albert, who developed a passion from his first visit to the museum has long promoted Will Rogers and the Museum. Albert’s company, Pelco Structural, provides steel tubular structures for infrastructure development.

From Staff Reports