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Summit Utilities To Acquire CenterPoint's Arkansas, Oklahoma Assets for $2.1 Billion

Colorado-based Summit Utilities, the parent company of Fort Smith-based Arkansas Oklahoma Gas Corp., announced Thursday it has signed a definitive

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Oklahoma investor's stock holdings in utility trigger review


Commissioners approved the request Wednesday, but kept some safeguards in place for Oklahomans.
Vanguard will be required to make quarterly reports on its in-house funds' ownership in regulated utilities using the FERC format.
The order approved by commissioners also requires Vanguard to include its in-house funds' aggregate investments in ONE Gas (a regulated utility in Oklahoma that doesn’t qualify as such under FERC’s rules). 
The order does not eliminate the need for future presumed control rebuttal hearings. The corporation commission’s Public Utility Division or the Oklahoma Attorney General could initiate future cases whenever a perceived need arises. 

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Summit Utilities, Inc. to Acquire CenterPoint Energy's Arkansas and Oklahoma Gas Distribution Assets


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FORT SMITH, Ark., April 29, 2021 /PRNewswire/ -- Summit Utilities, Inc. ("Summit") announced today that it has signed a definitive agreement to acquire the Arkansas and Oklahoma gas distribution assets of CenterPoint Energy, Inc. ("CenterPoint") for an enterprise value of $2.15 billion.
CenterPoint's Arkansas and Oklahoma gas distribution systems serve approximately 525,000 customers and include 17,000 miles of gas main pipeline across Arkansas, Oklahoma and Texarkana, Texas.
"In 2017, Summit expanded its footprint to Arkansas and Oklahoma with our acquisition of Arkansas Oklahoma Gas Corporation. Today, we couldn't be more excited to announce our plans to serve more communities in these two great states with the acquisition of CenterPoint's Arkansas and Oklahoma gas distribution systems," said Summit Utilities President and CEO Kurt Adams. "CenterPoint has built a strong reputation for quality customer service and we are eager to carry on that tradition, and continue to help families, businesses and industries throughout Arkansas and Oklahoma meet their energy needs through the delivery of safe, reliable and affordable natural gas services."

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Summit Utilities, Inc. to Acquire CenterPoint Energy's Arkansas and Oklahoma Gas Distribution Assets

Summit Utilities, Inc. to Acquire CenterPoint Energy's Arkansas and Oklahoma Gas Distribution Assets
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Central Oklahoma gets 405/572 area code. 10-digit dialing now required


The 405/572 area code overlay officially has gone into effect. 
If you tried phoning a friend and received a recorded message to hang up and dial again with the area code, that's because 10-digit dialing is now required in central Oklahoma. 
The North American Numbering Plan Administrator, which oversees the United States, its territories and 19 other North American countries, announced the change in January 2020.
Local telephone companies like Dobson Fiber, which provides service throughout the area code operational limits, have been working to inform customers via billing, social media and other methods, Dobson Marketing Director Ali Clark said. 
"We've just tried to not only communicate externally to customers, but communicate internally as well to our customer service group," she said.

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Brookside Energy Ltd on cusp of spudding high-impact Jewell Well in world-class Anadarko Basin of US


Brookside Energy on cusp of spudding high-impact Jewell Well in world-class Anadarko Basin of US
Ancillary and support equipment, including tanks for storage of water and drilling fluids, is being installed at the location along with trailers to house supervision personnel and equipment.
A permit to drill has been issued by Oklahoma Corporation Commission for a multiunit horizontal Sycamore well using a Latshaw Drilling rig.
Brookside Energy Ltd (ASX:BRK) (OTCMKTS:RDFEF) is making strong progress on the high-impact Jewell 13-12-1S-3W Well in the SWISH area of interest within the Anadarko Basin of the US with the completion of pre-mobilisation inspection, testing and maintenance works on the contracted rig.

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Mandatory 10-Digit Dialing To Go Into Effect On Saturday


The mandatory 10-digit dialing will go into effect for everyone in the 405 area code region. 
This might cause some confusion for anyone who has not already prepared, according to Matt Skinner, Oklahoma Corporation Commission spokesman. 
“If you’re a business, you might suddenly find yourself without a security system that’s working properly, without an inventory system that’s working properly,” Skinner said. 
In a statement released Friday by the OCC, regulatory officials said businesses should evaluate all offices systems that use telephone numbers to properly function. Systems and devices may not function properly Saturday after the mandatory 10-digit dialing goes into effect. 

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10-Digit Dialing Required In The 405 Beginning Saturday

10-Digit Dialing Required In The 405 Beginning Saturday
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Oklahoma City civic group seeks answers about $4.5 billion in storm-related fuel costs


Oklahoma City civic group seeks answers about $4.5 billion in storm-related fuel costs
Jack Money, Oklahoman
© BRYAN TERRY/THE OKLAHOMAN
Eric Jergensen, a member of VOICE OKC, wants to make sure unreasonable fuel costs from the recent winter storm are not passed on to consumers.
Oklahoma City religious and community leaders are raising questions about how power providers plan to recover an estimated $4.5 billion spent on fuel during February's severe winter storm.
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Some legislators recently submitted plans to mitigate these costs over time, but leaders of the civic organization VOICE OKC want assurance the process won't pass unreasonable fuel costs on to consumers.

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OKC leaders seek transparency on recouping Oklahoma's storm costs


VOICE is seeking answers to several questions related to the storm, including:
• Who made a profit from the storm, and will the Oklahoma Attorney General conduct a grand jury investigation into that issue?
• What policies were in place that allowed this to happen, and who, if anyone, will be held accountable?
• How did utility companies fail to have hedging contracts in place that could have capped at least some of their fuel costs during the storm?
• Why won't shareholders of publicly traded utilities have to carry some of the financial responsibility for decisions made by those companies' leaders?
“Oklahomans experienced 46 ‘extreme weather events’ between 2010 and 2020,” said Pam Bracken, a VOICE member representing Mosaic United Methodist Church. “What’s going to happen to utility costs after the next storm, and the one after that? Our policy can’t be, ‘Oh, shucks, fooled again, we’ll pay it this time, but just wait until next time.”

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