AGP Executive Report
Last update: 5 hours agoUtility Costs: OG&E is seeking a $395 million rate hike that could add about $23.88 to the average residential bill each month. The company says the filing excludes data-center power use; a separate large-load tariff is pending. Investment and Growth: Greenheck Group plans a major Oklahoma expansion, while Webco Industries is investing millions to expand at Port Muskogee. But a proposed aluminum smelter in Inola faces a local moratorium and resident opposition, clouding prospects for the high-profile project. Banking: Third Coast Bancshares agreed to buy Oklahoma-based Great Plains Bancshares for $240 million. Simmons Bank, which operates in Oklahoma and five other states, plans to close 26 branches Dec. 4. State Finances: Oklahoma tax revenue rose 7.1% to $18.18 billion over the past 12 months.
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