Okla. Stat. tit. 17, § 17-252
This is the official text of Okla. Stat. tit. 17, § 17-252, part of Oklahoma’s Stat. tit. 17, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 17,." Browse the sections below, each linked to its official government source.
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Monitoring of fuel adjustment clauses
Official statutory text
Whenever the Commission approves a fuel adjustment clause
pursuant to this act, the clause shall apply to all similar public
utilities affected by such increased costs. In addition, the
Commission shall continually monitor and oversee the application of
the fuel adjustment clauses. The Commission shall hold a public
hearing thereon whenever it deems it necessary, but no less
frequently than once every twelve (12) months. If the Commission
finds that the charges or credits are not based upon the actual
prices paid for fuel, purchased gas or purchased power, or are not
properly computed in accordance with the applicable adjustment
clause, it shall recompute the charges or credits and shall direct
the public utility to take such action as may be required to insure
that the charges or credits properly reflect the actual prices paid
for fuel, purchased gas or purchased power and are properly computed
in accordance with the applicable adjustment clause for the
applicable period. The fuel adjustment clause may be amended upon a
finding of changed circumstances by the Commission but shall not be
wholly discontinued or suspended except by order of the Commission
after notice and hearings for the utilities affected have been
rendered.
pursuant to this act, the clause shall apply to all similar public
utilities affected by such increased costs. In addition, the
Commission shall continually monitor and oversee the application of
the fuel adjustment clauses. The Commission shall hold a public
hearing thereon whenever it deems it necessary, but no less
frequently than once every twelve (12) months. If the Commission
finds that the charges or credits are not based upon the actual
prices paid for fuel, purchased gas or purchased power, or are not
properly computed in accordance with the applicable adjustment
clause, it shall recompute the charges or credits and shall direct
the public utility to take such action as may be required to insure
that the charges or credits properly reflect the actual prices paid
for fuel, purchased gas or purchased power and are properly computed
in accordance with the applicable adjustment clause for the
applicable period. The fuel adjustment clause may be amended upon a
finding of changed circumstances by the Commission but shall not be
wholly discontinued or suspended except by order of the Commission
after notice and hearings for the utilities affected have been
rendered.
Status: in_force · Read it on the official government site
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