Oklahoma SB998 modifies the process for public utilities to apply for transmission upgrades and establishes cost recovery provisions.
Oklahoma SB998 amends the cost recovery process for public utilities seeking to construct or acquire electric generation facilities. The bill presumes that certain transmission upgrade costs are recoverable through rate adjustments, subject to review by the Corporation Commission. It also mandates that public utilities defer 90% of depreciation expenses to a regulatory asset, with a 20-year amortization period.
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