Latest news with #OGE
NDTV
17 hours ago
- General
- NDTV
Aviation Regulator DGCA Orders Audit Of Helicopter Services In Uttarakhand
Mumbai: Aviation safety regulator Directorate General of Civil Aviation (DGCA) has ordered special audits/enhanced surveillance into helicopter operations involved in shuttle services in Uttarakhand following a spate of "occurrences" involving choppers during the Char Dham Yatra, according to an official statement on Monday. As a precautionary measure, DGCA is also reviewing the necessity of "curtailing" helicopter operations to Char Dham if required, it said. On June 7, six people, including the pilot, had a narrow escape last Saturday when a Kestrel Aviation helicopter on its way to Kedarnath made an emergency landing on the highway in Rudraprayag district of Uttarakhand after developing a technical snag during take-off. DGCA has also intensified its oversight of Char Dham helicopter operations by actively monitoring live camera feeds provided by the Uttarakhand Civil Aviation Development Authority (UCADA) at Kedarnath, it said. Recently, multiple occurrences involving helicopter operations during the Char Dham Yatra in Uttarakhand have underscored the "necessity for further strengthening the safety oversight of these operations," the regulator said. Safety investigation has been initiated for each of these occurrences to identify contributing factors, including mechanical failures, operational errors, and weather-related challenges, according to the statement. "Reaffirming its steadfast commitment to aviation safety, DGCA is responding proactively on these occurrences and has ordered special audits/enhanced surveillance for helicopter operators involved in shuttle services and charter operations in Uttarakhand," it said. Additionally, it said, directives have been issued to all helicopter operators, restricting operations to OGE conditions till further order. "As a precautionary measure, DGCA is also reviewing the necessity of curtailing helicopter operations to Char Dham, if required," the DGCA said. On Monday, the DGCA said, two helicopter operators conducting shuttle and charter services to Kedarnath from their respective helipads failed to adhere to standard operating procedures (SOPs), particularly regarding proper helicopter parking. "As a result, swift action was taken, and their operations were suspended for two hours," it said. According to the regulator, any deviation from the SOPs by helicopter operators is detected in real time, which allows immediate corrective measures. Emphasising that it has a "zero tolerance" policy for safety violations, the regulator said in its latest enforcement action the operations of Kestrel Aviation Pvt Ltd in Uttarakhand has been suspended with immediate effect, pending investigation. This is further to suspension of operations of another operator for safety violations in May, it said, without naming the operator.
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Business Standard
20 hours ago
- General
- Business Standard
DGCA orders special audit of chopper services in U'khand to check accidents
Aviation safety regulator Directorate General of Civil Aviation (DGCA) has ordered special audits/enhanced surveillance into helicopter operations involved in shuttle services in Uttarakhand following a spate of "occurrences" involving choppers during the Char Dham Yatra, according to an official statement on Monday. As a precautionary measure, DGCA is also reviewing the necessity of "curtailing" helicopter operations to Char Dham if required, it said. On June 7, six people, including the pilot, had a narrow escape last Saturday when a Kestrel Aviation helicopter on its way to Kedarnath made an emergency landing on the highway in Rudraprayag district of Uttarakhand after developing a technical snag during take-off. DGCA has also intensified its oversight of Char Dham helicopter operations by actively monitoring live camera feeds provided by the Uttarakhand Civil Aviation Development Authority (UCADA) at Kedarnath, it said. Recently, multiple occurrences involving helicopter operations during the Char Dham Yatra in Uttarakhand have underscored the "necessity for further strengthening the safety oversight of these operations," the regulator said. Safety investigation has been initiated for each of these occurrences to identify contributing factors, including mechanical failures, operational errors, and weather-related challenges, according to the statement. "Reaffirming its steadfast commitment to aviation safety, DGCA is responding proactively on these occurrences and has ordered special audits/enhanced surveillance for helicopter operators involved in shuttle services and charter operations in Uttarakhand," it said. Additionally, it said, directives have been issued to all helicopter operators, restricting operations to OGE conditions till further order. "As a precautionary measure, DGCA is also reviewing the necessity of curtailing helicopter operations to Char Dham, if required," the DGCA said. On Monday, the DGCA said, two helicopter operators conducting shuttle and charter services to Kedarnath from their respective helipads failed to adhere to standard operating procedures (SOPs), particularly regarding proper helicopter parking. "As a result, swift action was taken, and their operations were suspended for two hours," it said. According to the regulator, any deviation from the SOPs by helicopter operators is detected in real time, which allows immediate corrective measures. Emphasising that it has a "zero tolerance" policy for safety violations, the regulator said in its latest enforcement action the operations of Kestrel Aviation Pvt Ltd in Uttarakhand has been suspended with immediate effect, pending investigation. This is further to suspension of operations of another operator for safety violations in May, it said, without naming the operator.
02-06-2025
- Business
Democratic Sen. Schiff again asks White House officials to disclose financial transactions
Democratic Sen. Adam Schiff in a letter to White House chief of staff Susie Wiles sent Monday, repeated his calls for the White House to issue a full disclosure of financial transactions from senior officials. The new ask comes after the California senator -- along with 25 other Democratic members of Congress -- sent a separate letter to Wiles in April that outlined his concern surrounding potential ethics violations, asking for a commitment from all senior White House and executive branch employees to "expeditiously" transmit all reports related to their securities transactions since the start of Trump's term to the Office of Government Ethics, and that the reports be made public. That April letter was sent in the wake of President Donald Trump's sudden pause that month of his sweeping set of tariffs, which triggered widespread concern from Schiff and other Democrats that those close to the president might have engaged in insider trading as markets rose following the pause. In his Monday letter, addressed to Wiles like the first but also including White House Counsel David Warrington, Schiff notes that senior executive White House officials are 'now beyond the maximum allowable filing period for individuals who began their service at the outset of the Administration' under federal ethics laws, which mandate that they file public annual financial disclosure documents, including a new entrant report, within 30 days of assuming their duties. 'The White House has yet to disclose any financial disclosure or transaction reports, even after widespread concern of potential insider trading following President Trump's sudden pause of sweeping tariffs in early April,' Schiff writes in the letter, first shared first with ABC News. 'According to OGE's disclosure database to date, no new entrant reports for any senior White House officials have been made available for public disclosure, despite legal requirements under the Ethics in Government Act and the clear public interest in the financial disclosures of senior executive branch leaders, raising questions as to whether the required public reports have yet to be submitted to OGE for certification,' he added. Asked by ABC News for comment on the letter, White House spokesman Kush Desai said on Monday, 'The American people remain highly concerned about Nancy Pelosi's long, documented history of insider trading and eagerly await Adam Schiff refocusing his political stunt on serious issues, like Pelosi's portfolio.' Pelosi has faced allegations of trading on inside information during her time in Congress but has denied any impropriety. Copied on Schiff's letter is also Jamieson Greer, the acting director of the U.S. Office of Government Ethics, and Scott Gast, the ethics attorney in the White House counsel's office. In their April letter, the Democrats requested a response from Wiles no later than May 9, 2025, and for a "detailed plan" for how the administration plans to address any officials and employees who might have failed to file required disclosures from the start of the administration. A spokesperson for Schiff said that they received from the White House an acknowledgement that they had received the letter, but provided no answers to their demands. In the newest letter, Schiff asked for Wiles and Warrington to send, no later than on June 10, a list of all White House officials required to file new entrant reports; an explanation for the failure to transmit any new entrant reports to OGE for second-level review and certification; the current status and anticipated timeline for the submission and public posting of all overdue disclosures; a list of any filing extensions requested and granted by designated White House ethics officials and the duration of those extensions; and whether any late filing fees have been imposed for delinquent filings, as required by law. 'Transparency and compliance with ethics laws are essential. The American public deserves to know that those serving at the highest levels of government are free from financial conflicts of interest and have complied with the laws designed to safeguard the integrity of public service. I look forward to reviewing your responses,' the senator concluded. Trump's tariffs have faced a number of court challenges. An appeals court reinstated Trump's tariffs this week after a Wednesday court order blocked them. The appeals court decision stands for the time being. The block on the tariffs came after the Court of International Trade decided that the administration's evocation of the International Emergency Economic Powers Act does not give the president the right to set "unlimited" tariffs. The Trump administration argued that the court order may harm their progress in negotiations. Schiff has been a critic and target of Trump since his days in the House. Former President Joe Biden, during his last hours in office, issued a preemptive pardon for Schiff in connection with his work on the House's Jan. 6 select committee. Schiff has called that pardon 'unnecessary' and 'unwise.'
Yahoo
25-05-2025
- Business
- Yahoo
Your OG&E bill is about to go up: See the reasons behind the rising costs for customers
Customers of OG&E will soon see an increase in their monthly electric bill, thanks to rising fuel costs. The energy provider told customers in an email Friday, May 23, that a fuel charge adjustment would go into effect June 1. OG&E charges customers for the "actual cost of fuel to generate electricity," and the fuel cost can be seen on your monthly bill. OG&E cannot profit from fuel costs. "We understand any increase in bills can be difficult," the email said. "That's why we source and purchase fuel at the lowest cost possible to minimize the impact on customer bills and physically store lower cost fuel that we can use when prices increase." According to OG&E, the average residential customer will see an increase of $5.87 per month. You can learn more about how your bill is impacted by the cost of fuel at This fuel cost adjustment is just one of a few recent changes to OG&E customer bills. In March, OG&E customers saw an average increase of about $12.65 on their monthly bill, which was to account for rising fuel costs following the unusually high temperatures in October and November of 2024. This increase followed an average $9.58 monthly rate increase approved by the Oklahoma Corporation Commission that started in July 2024, which was expected to fund tree trimming and boost a senior discount for the company's SmartHours program. Aaron Cooper, OGE Energy Corp. spokesman, told The Oklahoman in February the rate and fuel increases are offset by three drops in fuel charges between November 2023 and November 2024 that over the 12-month period led to an accumulative monthly drop of $50.37. This article originally appeared on Oklahoman: OG&E bills going up again: See what's behind the rise in cost
Yahoo
07-05-2025
- Business
- Yahoo
Investors in OGE Energy (NYSE:OGE) have seen notable returns of 90% over the past five years
If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to see it rise more than the market average. But OGE Energy Corp. (NYSE:OGE) has fallen short of that second goal, with a share price rise of 51% over five years, which is below the market return. However, more recent buyers should be happy with the increase of 26% over the last year. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. Our free stock report includes 2 warning signs investors should be aware of before investing in OGE Energy. Read for free now. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During the five years of share price growth, OGE Energy moved from a loss to profitability. That would generally be considered a positive, so we'd hope to see the share price to rise. You can see below how EPS has changed over time (discover the exact values by clicking on the image). NYSE:OGE Earnings Per Share Growth May 7th 2025 We know that OGE Energy has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts. What About Dividends? As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, OGE Energy's TSR for the last 5 years was 90%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. A Different Perspective It's good to see that OGE Energy has rewarded shareholders with a total shareholder return of 31% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 14% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand OGE Energy better, we need to consider many other factors. For instance, we've identified 2 warning signs for OGE Energy (1 makes us a bit uncomfortable) that you should be aware of.
