Energy

Losses continue for Canoo

Canoo, the electric vehicle maker that has abandoned plans to build a headquarters in Bentonville, continues to bleed money. The company posted a second quarter loss of $6.037 million, which…

Arkansas Electric Cooperatives to build 900-MW gas plant in Texas

Little Rock-based generation and transmission cooperative Arkansas Electric Cooperatives Corp. (AECC) plans to build a 900-megawatt natural gas-fired power plant on about 100 acres in Morris County, Texas, near Naples….

SPP president and CEO announces planned retirement

Southwest Power Pool President and CEO Barbara Sugg will retire in April 2025, the Little Rock-based energy transmission management organization announced Thursday (Aug. 8). Search firm Heidrick & Struggles has…

EIA: Residential electricity price growth to slow to 1% in 2024

U.S. residential electricity prices are projected to rise by 1% in 2024, according to the U.S. Energy Information Administration (EIA). It’s the slowest year-over-year growth since 2020. On Tuesday (Aug….

Quarterly income up for Murphy USA, revenue declines

El Dorado-based Murphy USA on Wednesday (July 31) posted second quarter net income of $144.8 million, above the $132.8 million in the same quarter of 2023. Earnings per share of…

EV registrations in Arkansas jump 69% from 2023

The number of fully electric vehicles in Arkansas is accelerating. Through the first half of 2024, the number of EVs registered in the state is up 69.4% from last year….

Electric cooperatives to build $2 billion in power plants to ensure system reliability

Buddy Hasten, president and CEO of Arkansas Electric Cooperative Corp. (AECC) and Arkansas Electric Cooperatives Inc. (AECI), said at least $2 billion in new electricity generating capacity would meet energy…

Scenic Hill Solar completes 1.2-megawatt array with new modules

Little Rock-based solar power developer Scenic Hill Solar started operating a 1.2-megawatt DC solar array on 13 acres in Stuttgart, according to a Wednesday (July 24) news release. Citing client privacy,…

MISO President Clair Moeller retires, CEO John Bear to assume role

Carmel, Ind.-based regional transmission organization Midcontinent Independent System Operator (MISO) announced Thursday (July 18) that Clair Moeller, president and chief operating officer, will retire on Dec. 31. CEO John Bear…

AOG helps Van Buren Housing Authority pay for tankless water heaters

Arkansas-Oklahoma Gas recently gave $139,000 to the Van Buren Housing Authority to help pay for the installation of 199 tankless water heaters for its tenants. The energy efficiency rebate money…

EIA: renewables, coal-fired electricity generation to rise this year

The United States is expected to generate more electricity from renewables and coal in the second half of 2024 as electricity demand and natural gas prices increase, according to the…

Rock Region METRO awarded $3.1 million for 5 nat gas buses, bus simulator

Rock Region METRO was awarded $3,149,677 – its third largest competitive grant award to date – in Federal Transit Administration (FTA) funds to purchase up to five 35-foot compressed natural…

Katie Holley named marketing manager for Arkansas Electric Cooperatives

Katie Holley has been named marketing manager for Arkansas Electric Cooperatives, Inc. (AECI), the statewide association for Arkansas’ 17 electric distribution cooperatives. Bringing more than a decade of experience to…

The Stitt Group in Rogers earns BBB award

Rogers-based The Stitt Group was one of four Arkansas companies to receive an ethics award from the Better Business Bureau. Founded in 1978, The Stitt Group is a residential energy…

EIA: Permian Basin to help drive record oil production levels in 2024, 2025

According to the U.S. Energy Information Administration (EIA), crude oil production in the Permian Basin, which spans western Texas and southeastern New Mexico, is expected to rise by nearly 8%…

Four Arkansas school districts receive $11.03 million for clean school buses

Four Arkansas public school districts will receive a combined $11.03 million from the U.S. Environmental Protection Agency to purchase “clean” school buses to replace diesel-fueled buses. The Clean School Bus…

Adequate electricity supply expected this summer, grid managers say

Regional grid operators serving Arkansas recently released their 2024 summer assessments that highlight rising risks and sufficient resources to meet electricity demand. The summer assessment shows that Midcontinent Independent System…

EIA: Vehicles used more electricity than rail systems in 2023

Light-duty vehicles in the United States used more electricity than rail systems for the first time in 2023 amid rising sales of electric vehicles (EVs), according to the U.S. Energy…

EIA: Solar to supply majority of U.S. electricity generation growth this year

Renewable energy sources are expected to account for most of the electricity generation growth in the United States over the next two years, according to the U.S. Energy Information Administration…

Murphy USA posts lower revenue, net income

Murphy USA reported Wednesday (May 1) lower first quarter revenue and income compared to a year ago in part due to rising expenses related to employees and store maintenance. The…