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OK HB1332

Bill

Official Source

Status

Introduced

2/2/2015

Primary Sponsor

James Lockhart

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Requires wholesale propane sellers to allow retail propane sellers at least 30 days to pay for propane deliveries when wholesale prices increase by 15% or more in any 10-day period, effective November 1, 2015.

  • Allows retail propane sellers to arrange suitable payment terms with their customers during periods of significant wholesale price increases.

  • Codifies the requirement as Section 1101 of Title 15 of the Oklahoma Statutes.

  • Committee on Utilities recommended passage on February 26, 2015.

Legislative Description

Contracts; propane; wholesalers; retailers; effective date.

Oil and Gas

Last Action

CR; Do Pass Utilities Committee

2/26/2015

Committee Referrals

Utilities2/3/2015

Full Bill Text

No bill text available