HB 2268 Summary

• Changes Oklahoma's renewable energy goal from 15% to 20% of installed electricity generation capacity within the state

• Extends the deadline for reaching the renewable energy standard from 2015 to 2020

• Expands qualifying renewable energy resources to include combined heat and power, waste heat recovery, and allows the Corporation Commission to approve other renewable sources

• Allows the Corporation Commission to consult federal Energy Information Administration data when computing annual renewable energy percentages, including electricity generation regardless of whether it serves intrastate or interstate loads

• Declares the bill an emergency measure with immediate effect upon passage and approval