Okla. Stat. tit. 17, § 17-258
This is the official text of Okla. Stat. tit. 17, § 17-258, 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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Approval of purchased power adjustment clauses
Official statutory text
A. No purchased power adjustment clause of any kind shall apply
nor be used in computing bills for retail electric service which has
not been first approved by the Commission.
B. If the Commission finds that the changed price of purchased
wholesale power required for distribution by any electric
distribution cooperative threatens the ability of the cooperative to
earn a reasonable rate of return, the Commission may, after
investigation and public hearing, approve a suitable purchased power
adjustment clause to be superimposed upon the existing retail
electric rate schedules of the cooperative and designed only to
recapture such increased costs of wholesale power.
Oklahoma Statutes - Title 17. Corporation Commission Page 190
C. The Commission shall design the purchased power adjustment
clause to allow the electric distribution cooperative to increase or
decrease its charges for retail electric service as provided in its
approved electric rates only for the changes in the cost of
purchased power when the price of such purchased power differs from
the price which is reflected in its basic approved retail rates. It
shall include in a purchased power adjustment clause an allowance
for line losses if a preponderance of evidence points to the
probable conclusion that failure to do so will result in less than a
reasonable rate of return for the cooperative.
nor be used in computing bills for retail electric service which has
not been first approved by the Commission.
B. If the Commission finds that the changed price of purchased
wholesale power required for distribution by any electric
distribution cooperative threatens the ability of the cooperative to
earn a reasonable rate of return, the Commission may, after
investigation and public hearing, approve a suitable purchased power
adjustment clause to be superimposed upon the existing retail
electric rate schedules of the cooperative and designed only to
recapture such increased costs of wholesale power.
Oklahoma Statutes - Title 17. Corporation Commission Page 190
C. The Commission shall design the purchased power adjustment
clause to allow the electric distribution cooperative to increase or
decrease its charges for retail electric service as provided in its
approved electric rates only for the changes in the cost of
purchased power when the price of such purchased power differs from
the price which is reflected in its basic approved retail rates. It
shall include in a purchased power adjustment clause an allowance
for line losses if a preponderance of evidence points to the
probable conclusion that failure to do so will result in less than a
reasonable rate of return for the cooperative.
Status: in_force · Read it on the official government site
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