HB 2980 Summary

• Amends 17 O.S. 2011, Section 180.11 to authorize the Corporation Commission to assess fees on public utilities for funding the Public Utility Division's regulatory operations and rate case reviews

• Assessment allocation formula: 50% based on each utility's share of total regulated Oklahoma jurisdictional gross operating revenues and 50% based on customer count proportion

• Public utilities may recover assessed fees as operating expenses included in base rates or basic monthly service charges, with quarterly payment options available

• Establishes the Public Utility Regulation Revolving Fund to collect and disburse assessment monies for direct and indirect costs of utility regulation

• Adds explicit language that nothing in the section impairs the Corporation Commission's authority to ensure lowest reasonable rates for consumers, and requires Legislature to establish budgetary limits on the Public Utility Division