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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

2016 Regular Session

AI Summary

  • Wholesale propane sellers must provide retail propane sellers at least 30 days to pay for deliveries when wholesale prices increase by 15% or more within any 10-day period
  • Extended payment terms allow retailers time to arrange suitable payment terms with their retail customers
  • Creates new Section 1101 of Title 15 in Oklahoma Statutes
  • Effective date: November 1, 2015
  • Passed Committee on Utilities with "Do Pass" recommendation 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