§74-9078. Audit of amounts received from customers.
In any proceeding where the issue is properly before it, the Oklahoma Corporation Commission may require an audit of all amounts received from customers under an irrevocable and nonbypassable mechanism and paid to a utility, the amounts paid by the utility to the Oklahoma Development Finance Authority or other holder of securitization property. An audit, […]
§74-9054. Application for determination and approval.
A. In the event an unregulated utility opts for financing pursuant to this act, the unregulated utility shall submit to the Oklahoma Development Finance Authority an application for determination and approval of qualified costs as defined in this act. The Authority, with assistance from the Public Utility Division of the Oklahoma Corporation Commission pursuant to […]
§74-9079. Application to Oklahoma Supreme Court for approval of ratepayer-backed bonds.
The Oklahoma Development Finance Authority shall file an application with the Supreme Court of Oklahoma for the approval of ratepayer-backed bonds issued under this act, and exclusive original jurisdiction is hereby conferred upon the Court to hear and determine each application. The Court shall give such an application precedence over the other business of the […]
§74-9055. Loans.
A. The Oklahoma Development Finance Authority is hereby authorized to provide loans from the Unregulated Utility Consumer Protection Fund, created pursuant to Section 7 of this act, to unregulated utilities for the purposes provided in this act. B. Prior to executing any loan agreement with an unregulated utility, the Authority shall have determined the approved […]
§74-9080. Severability.
Effective on the date the first ratepayer-backed bonds are issued under this act, if any provision in this act or portion of this act is held to be invalid or is invalidated, superseded, replaced, repealed or expires for any reason, that occurrence does not affect the validity or continuation of this act or other provisions […]
§74-9056. Unregulated Utility Consumer Protection Fund.
A. There is hereby created in the State Treasury a fund to be designated the “Unregulated Utility Consumer Protection Fund”, which shall be utilized by the Oklahoma Development Finance Authority to make loans to unregulated utilities to carry out the purposes of this act. The fund shall consist of proceeds from the issuance of obligations […]
§74-9081. Constitution amendments and alterations.
If this act, or any provision hereof is, or may be deemed to be, in conflict or inconsistent with any of the provisions of Section 18 through Section 34, inclusive, of Article IX of the Constitution of the State of Oklahoma, then, to the extent of any conflicts or inconsistencies, it is hereby expressly declared […]
§74-9057. Application to Oklahoma Supreme Court for approval of bonds.
The Oklahoma Development Finance Authority may file an application with the Oklahoma Supreme Court for the approval of bonds issued under this act, and exclusive original jurisdiction is hereby conferred upon the Court to hear and determine each application. The Court shall give such an application precedence over the other business of the Court and […]
§74-9082. Report on audits or true-ups.
For regulated utility entities doing business in this state and subject to the February 2021 Regulated Utility Consumer Protection Act, the Oklahoma Corporation Commission shall make available through posting to its public website, a report on any audits or true-ups performed under Section 9074 or 9078 of Title 74 of the Oklahoma Statutes. The report […]
§74-9058. Severability.
Effective on the date the first loans are issued pursuant to Section 6 of this act, if any provision in this title or portion of this title is held to be invalid or is invalidated, superseded, replaced, repealed or expires for any reason, that occurrence does not affect the validity or continuation of this act […]