ENERGY
OKLAHOMA 2024 SESSION LAW SERVICE Fifty-Ninth Legislature, 2024 Second Regular Session
2024 Okla. Sess. Law Serv. Ch. 288 (H.B. 3053) (WEST)
OKLAHOMA 2024 SESSION LAW SERVICE
Fifty-Ninth Legislature, 2024 Second Regular Session
CHAPTER 288
H.B. No. 3053
ENERGY
An Act relating to energy; requiring Corporation Commission to coordinate with the Southwest Power Pool to develop and provide a reporting of certain frameworks; requiring preparation of certain report; establishing report contents; requiring completion of report by certain date; providing for distribution of report; providing for codification; and declaring an emergency.
SUBJECT: Energy
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 294 of Title 17, unless there is created a duplication in numbering, reads as follows:
<< OK ST T. 17 ยง 294 >>
A. The Corporation Commission shall coordinate with the regional transmission organization known as the Southwest Power Pool (SPP) to develop and provide a reporting of the regulatory and statutory frameworks addressing the rule of the SPP as it pertains to this state. The report shall provide a comprehensive assessment of the impact of the SPP on the state's electricity infrastructure and areas in which the state may desire further evaluation.
B. The report shall utilize the most recent twelve (12) months of available data and shall include and consider the following:
1. An explanation of how decisions are made at the SPP, including the Regional State Committee (RSC), and the impact of such decisions on Oklahoma ratepayers;
2. The potential impact of decisions resulting from the SPP process, including the RSC, on the state budget;
3. The current use of intermittent power sources to meet baseload capacity requirements and explanation of the SPP's decision-making processes regarding the use of these intermittent sources;
4. The studies and processes used by the SPP to assess and respond to demands, including transmission studies conducted;
5. Identification of SPP decisions and processes that may impact Oklahoma's oil and natural gas industries;
6. Identification of areas in which Oklahoma stakeholders may benefit from additional information being shared on events occurring at the SPP;
7. The amount of power produced within Oklahoma that was transmitted outside of the state through the SPP for the calendar year ending December 31, 2023, the market value of such power, and any benefit of this transmission to Oklahoma ratepayers;
8. The cost, if any, that is built into the most recent rate cases with final orders previously before the Corporation Commission for the construction and maintenance of generation and transmission infrastructure which is used in whole or in part for the generation and transmission of power for sale outside of Oklahoma; and
9. An explanation of the level of input the Corporation Commission has on the processes and decisions of the SPP.
C. 1. The Commission shall ensure the completion of the report no later than December 31, 2024.
2. A copy of the finalized report shall be submitted electronically to the following:
a. the Governor,
b. the Speaker of the Oklahoma House of Representatives,
c. the President Pro Tempore of the Oklahoma State Senate,
d. the Chair of the Utilities Committee of the House of Representatives or successor committee,
e. the Chair of the Energy and Telecommunications Committee of the Senate or successor committee, and
f. the Chair of the Energy and Natural Resources Committee of the House of Representatives or successor committee.
SECTION 2. It being immediately necessary for the preservation of the public peace, health or safety, an emergency is hereby declared to exist, by reason whereof this act shall take effect and be in full force from and after its passage and approval.
Approved May 10, 2024.
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