HB1350

Oklahoma HB1350 amends extreme purchase and extraordinary cost mitigation through securitization.

Oklahoma HB1350 modifies the audit requirements for extreme purchase and extraordinary costs in state government transactions. The Oklahoma Corporation Commission can now determine if these costs should be mitigated through securitization. The bill outlines procedures for reviewing applications and conducting audits, ensuring compliance with specific statutory provisions. It also allows the Commission to engage financial advisors and recover related expenses. The act aims to reduce the impact of these costs on utility customers.