OK HB1720

Amends Oklahoma law to narrow the definition of "seeping natural gas" by removing language regarding leaks from distribution pipelines operated by private natural gas utilities serving no more than 300 customers.

Deletes authorization for the Corporation Commission to expend up to $125,000 from the Gas Seep Fund to repair or replace distribution pipelines and removes the reimbursement mechanism for such pipeline repairs.

Maintains the Commission's authority to expend up to $20,000 for installing systems to divert natural gas away from structures when unable to abate hazards through orders or well plugging.

Retains the reimbursement process for applicants who incur costs for gas diversion systems, with eligibility for costs reported after January 1, 2003.

Becomes effective July 1, 2015, with an emergency clause allowing immediate effect upon passage and approval.