Plugging In: business briefs for July 13

Plugging In: business briefs for July 13, 2012
Published: July 13, 2012
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PLUGGING IN

Pickens backs energy alliance

T. Boone Pickens said Thursday on CNBC the answer for the country's debt problem is to produce our domestic energy and to stop shipping American dollars to energy producers in the Middle East and other parts of the world. “If you look at countries around the world that are on their own resources, they're doing very well,” he said. Pickens called for the U.S. to create an energy alliance with Canada and Mexico “and get off the OPEC oil.” Pickens said he expects a moderate increase in energy prices over the next six months with year-end prices of West Texas Intermediate crude about $100 a barrel, Brent International crude at $115 to $20 and natural gas at $4 per thousand cubic feet.

Ronan takes Atlantic Power post

Former SemGroup Corp. CEO Terry Ronan has been appointed executive vice president and chief financial officer at Atlantic Power Corp., a Boston-based power generation and infrastructure company. Ronan will assume his new job effective Aug. 20. Ronan guided SemGroup through 16 months of bankruptcy proceedings after co-founder Tom Kivisto was ousted amid allegations of misleading investors about the company's liquidity. He stepped aside in December 2009 to make way for current SemGroup CEO Norm Szydlowski.

Commission gets $140K from EPA

The Oklahoma Corporation Commission has been awarded nearly $140,000 by the U.S. Environmental Protection Agency to continue its efforts to protect groundwater. The commission has the authority to enforce EPA's underwater injection control program in Oklahoma. The money will be used to issue permits for injection wells that meet program requirements and for shutting down wells when pollution has occurred.

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