§ 9052. Definitions
Oklahoma Statutes AnnotatedTitle 74. State GovernmentEffective: April 23, 2021
Effective: April 23, 2021
74 Okl.St.Ann. § 9052
§ 9052. Definitions
As used in this act:
2. “Extraordinary costs” shall mean costs incurred by an unregulated utility related to the extreme weather that occurred beginning February 7, 2021, and ending February 21, 2021, including but not limited to fuel-related storage and associated costs, emergency compressed or liquified natural gas supplies, contracts for services providing additional pressurization on lines and transportation pipeline penalties. Extraordinary costs shall not include extreme purchase costs, as defined in this section;
4. “Qualified costs” shall mean the extreme purchase costs and extraordinary costs, as calculated and set out by the Oklahoma Development Finance Authority following a review of a loan application of an unregulated utility submitted pursuant to this act, less any insurance proceeds, governmental grants or other funding sources;
5. “Unregulated utility” shall mean any utility, as defined in this act, doing business in this state, or any public trust designated for the benefit of a utility or municipality, which is not a regulated utility subject to the regulatory jurisdiction of the Oklahoma Corporation Commission with respect to its rates, charges and terms and conditions of service;
7. “Utility revenue bond” shall mean any bond, revenue bond, notes or other evidence of obligations of the Oklahoma Development Finance Authority issued by the Authority pursuant to this act including, but not limited to, bond anticipation notes and refunding bonds, for the purpose set forth in this act; and
8. “Unregulated Utility Consumer Protection Fund” shall mean the fund created pursuant to Section 7 of this act.1
Credits
Laws 2021, c. 203, § 3, emerg. eff. April 23, 2021.
Footnotes
Title 74, § 9056.
74 Okl. St. Ann. § 9052, OK ST T. 74 § 9052
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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