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OGE to match first-time donations
OGE Energy Corp. and its employees plan to donate $116,000 to match donations made by companies participating for a first time in the annual United Way campaign, it announced this week.
Company officials said the matching dollars will be available to match first-time donations made by businesses in 13 communities across Oklahoma Gas & Electric Co.’s service area. The selected amount was designated to note OGE’s 116-year history of doing business in the state.
“United Way agencies provide such valuable services to our communities, and we’re only as strong as the communities we serve,” Sean Trauschke, OGE’s chairman, chief executive officer and president, stated in a release announcing the gift.
“We identified this as a way to help support and grow the missions of these agencies where we live and work,” continued Trauschke, who is this year’s United Way of Central Oklahoma campaign chair.
United Way’s top official expressed thanks for the offering.
“We are thrilled to partner with OGE Energy Corp. on this very generous match,” Debby Hampton, the nonprofit’s president and chief executive officer, stated in the release.
SemGroup Corp. reports $2.7M net loss
TULSA — SemGroup Corp. reported a second-quarter net loss of $2.7 million.
While officials said its results were better than they were the previous quarter, when it posted a loss of $33 million, a year-over-year comparison showed earnings were off. In the second quarter of 2017, the company had posted a $9.6 million profit.
Officials said EBITDA (earnings before interest, taxes, depreciation and amortization) were $99 million for the quarter, compared to $93.4 million the previous three months.
“We delivered solid financial results during the second quarter with improved earnings in five of our six segments,” SemGroup CEO Carlin Conner stated in the earnings release.
“Improving crude oil and gas volumes, coupled with contributions from our organic growth projects, will continue to provide increasing cash flows. As we look to the second half of 2018, one of our highest priorities is executing additional capital raise measures that allow us to reach our leverage goals.”
Enel celebrates American Wind Week
HENNESSEY — Enel Green Power recently hosted elected and administrative officials at its Red Dirt Wind Farm and at its Osage Wind Farm in Burbank to help celebrate American Wind Week.
Officials said Enel hosted the guests to show off the technology it uses to generate power and also promoted the general benefits the wind industry brings to Oklahoma. The company has invested more than $2.7 billion to build and operate 1,700 megawatts of generating capacity across the state. Officials said the farms generate enough energy daily to power every household in Oklahoma City for 18 months.
Enel Green Power employs more than 120 full-time Oklahoma personnel, and is projected to contribute more than $317 million in property tax payments over the life span of its Oklahoma projects to counties and schools.
Exxon asked to pay $1.8M for spill
LITTLE ROCK, Ark. — State and federal officials are asking Exxon Mobil to pay more than $1.8 million in compensation to the state for a 2013 oil spill in Arkansas.
The state Game and Fish Commission proposed the settlement this week, The Arkansas DemocratGazette reported. The funds would pay for wildlife restoration and compensate the government for damage caused when the 70-year-old Pegasus pipeline ruptured in Mayflower near Lake Conway.
The letter also asks the oil giant to fund the state’s purchase of about 80 acres of land near the lake to facilitate monitoring and management of the property. The letter doesn’t give an estimated cost for the land.