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More generally, a wayleave agreement can be used for the infrastructure needs of any service provider, such as a telecommunications network, electricity grid or gas pipeline. [10] In mining law, a wayleave is a right to cross a neighbour's land e.g. in order to convey a mineral to a seaport, and might include the right to run a private railway ...
The Oklahoma Supreme Court explained this rationale in Roye Realty & Developing, Inc. v. Arkla, Inc., 1993 OK 99, 863 P.2d 1150. In that case, Arkla, a gas purchaser, argued that the deficiency payment provision in a "take or pay" contract really was a liquidated damages provision. The Oklahoma Supreme Court rejected Arkla's contention, stating:
Arizona utilities would have to pay 50 $/MWh to keep these resources in the state. If Arizona charged a wheeling charge of $10 /MWh, Arizona would only have to pay $40 /MWh to compete. However, Arizona would not set the fee too high, as this could impact the advantages of trading electric energy between systems.
A power purchase agreement (PPA), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually an utility, government or company. [ 1 ] [ 2 ] PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price.
Oklahoma Gas & Electric Company (branded as OG+E or "O-G-and-E") is a regulated electric utility company that serves over 843,000 customers in Oklahoma and Arkansas, including 1.5 million people in the Oklahoma City Metropolitan Area. [3] It is the leading subsidiary of OGE Energy Corp. (NYSE: OGE), with headquarters in downtown Oklahoma City.
In 2021, energy companies made a big comeback over last year's Oklahoma Inc. rankings of publicly traded companies. Banks also benefit from higher interest rates.
It could be Christmas in July for the Oklahoma oil and gas industry. Lawmakers give Oklahoma oil and gas industry $50 million in budget agreement Skip to main content
The commission was established in 1907 and the First Oklahoma Legislature gave the commission authority to regulate public service corporations. [4]Railroad, telephone and telegraph companies were the companies first regulated by the commission, which also collected records of the stockholders, officers and directors of corporations chartered or licensed to do business in Oklahoma. [4]