The Legislature recognizes the significant economic impact of the extreme weather event that occurred during the month of February 2021. In the wake of this weather event, unprecedented utility costs will be passed through to Oklahoma customers of utilities from regulated utility entities. The purpose of this act is to provide for the issuance of ratepayer-backed bonds to these entities and thereby allow customers to pay their utility bills at a lower amount and over a longer period.
Added by Laws 2021, c. 204, § 2, emerg. eff. April 23, 2021.