HB 1102 Oklahoma House · 2025 Regular Session

Corporation Commission; creating the Corporation Commission Modernization Act of 2025; effective date.

HB 1102 establishes a new process for Oklahoma's regulated utilities (like gas and electric companies) to recover unusually high "extreme purchase costs" or "extraordinary costs" (e.g., major equipment purchases or emergency expenses) through customer-funded bonds instead of traditional financing. It requires utilities to provide detailed cost estimates, demonstrate customer savings from bond financing versus standard rates, and undergo mandatory audits before costs are approved for recovery. The Oklahoma Corporation Commission must review these applications, ensuring costs are fair and reasonable while prioritizing long-term customer savings through lower interest rates and extended repayment periods. This bill directly affects utility companies seeking cost recovery and their ratepayer customers, with the new rules taking effect November 1, 2025.

Bill status died 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Feb 6, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Proposed Policy Committee Substitute 1 · 5 edits

MODERATE

The bill was amended from its original introduction to a proposed policy committee substitute version, which completely rewrites the measure. The original bill focused on modernizing the Corporation Commission, while the new version shifts focus to state government purchasing and audit requirements for extreme utility costs. This represents a significant substantive change in the bill's purpose and scope.

Scope change

The bill's scope changed from a Corporation Commission modernization act to a state government act addressing extreme utility purchasing transactions and audit requirements.

SCOPE

Bill title and purpose changed from 'Corporation Commission Modernization Act of 2025' to a state government act relating to extreme purchasing transactions and audit requirements.

Removed original language establishing the Corporation Commission Modernization Act and replaced with entirely new provisions about utility securitization and audit requirements.

REQUIREMENT

New requirements added for utilities to provide known extreme purchase costs, demonstrate bill impacts of securitization, and facilitate audits before recovering costs through ratepayer-backed bonds.

Commission must consider factors including revenue savings, customer bill impact mitigation, and bond costs when determining if extreme costs should be mitigated through securitization.

TIMELINE

Effective date remains November 1, 2025, but the bill structure was completely rewritten with new section numbering and content.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 6, 2025

Committee

Referred to Utilities

lower

Feb 6, 2025

Committee

Referred to Energy and Natural Resources Oversight

lower

Feb 3, 2025

Introduced

First Reading

lower

1 primary · 0 co-sponsors