“Oil and Natural Gas Production Drives Electricity Boom”
Filed by KOSU News in State Impact.
February 19, 2013
Oklahoma’s oil and natural gas boom is a big electricity hog, and rural utilities are struggling to keep up.
But all of this could present a risk for electric cooperatives. Energy goes through boom and busts. To serve the boom, you have to build lines out to remote locations. Costs run somewhere around 20 dollars a foot, that’s a hundred thousand dollars per mile. Back in the 1980’s, many got stuck with the bill when drillers went bankrupt. So now, they require payment upfront.
Read more at: kosu.org
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