This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

OG&E Requests New Regional Haze Hearing Before Full 10th Circuit

Stocks in this article: OGE

OKLAHOMA CITY, Sept. 3, 2013 /PRNewswire/ -- In a petition filed today at U.S. 10 th Circuit Court of Appeals, Oklahoma Gas and Electric today joined Oklahoma Attorney General Scott Pruitt in requesting a rehearing before the full 10-judge panel to determine if the Environmental Protection Agency (EPA) acted appropriately in rejecting the state's plan to address visibility at national parks and wildlife areas.  In July, a split, three-member panel ruled 2-1 that the EPA lawfully exercised its authority to impose a federally mandated plan on the state.  If upheld, the panel's ruling is expected to result in large rate increases for Oklahoma electric consumers.

"This is among the first decisions in the country to address EPA's review under the Clean Air Act's regional haze provisions," said OG&E spokesman Brian Alford.  "The majority opinion gives EPA the ability to replace the State of Oklahoma's decision with its own.  This is especially egregious considering the errors made by the EPA when it conducted its own analysis."

Alford added that the three-member panel opinion failed to require the EPA to show why the state's rule was unreasonable before the agency could reject the state's implementation plan.  In addition, OG&E believes that EPA's analysis were frequently based on assumptions unsupported by the record, contrary to basic engineering or economic realities, or based on materials or analysis that EPA did not provide to Oklahoma during the State's lengthy process for making its BART determination.

The company applauded Pruitt for his efforts to protect the State of Oklahoma's right to determine the best way to meet visibility requirements in protected areas.

"AG Pruitt has been very instrumental in leading the fight on behalf of Oklahoma's ratepayers," Alford said.  "He has made it clear in both his oral argument before the court and in court documents that the EPA has over-reached its authority and is forcing OG&E's customers to bear the burden of more than $1 billion in unnecessary bill increases."

In the past, the Governor's office, state Attorney General, Oklahoma Corporation Commissioners, Oklahoma Department of Environmental Quality and others voiced opposition to the EPA plan saying that the state developed a plan that would be more effective than costly pollution control technology, or scrubbers, and cost far less.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs