Learn about Oklahoma Utility Securitization Bonds, including Featured News, The Team, Board Members, and Legislation.

Estimated Bonds to Be Issued
$4.5 Billion
Bond Ratings

About Oklahoma Utility Securitization Bonds

The Legislature Adopted Senate Bill 1050 providing the framework for the Oklahoma Corporation Commission (OCC) to authorize a utility to collect an irrevocable Securitization charge and issue Bonds to finance the fuel costs experienced due to the extreme cold in February of 2021. Regulated utilities may file for a financing order from the OCC. The OCC evaluates the filing and determines whether Securitization is the best solution for ratepayers to finance the costs incurred due to the extreme cold. If the OCC audits and approves the fuel charges from the storm and if the OCC also determines that Securitization is the best solution for ratepayers, those charges are marketed to private investors through a security bond process that ODFA oversees.

The Team

Michael Davis


(405) 842-1145


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Board Members

Chris Condley, Chairman
Retired - Muskogee

Keith Ventris, Vice Chairman
Oklahoma Bank & Trust - Clinton

G. Bridger Cox, Secretary
Citizens Bank & Trust - Ardmore

D.R. Shipley, Director
Retired - Tecumseh

Hank Bradley, Director
BancFirst - Oklahoma City

Pete Carey, Director
Gateway First Bank - Tulsa

Brent Kisling, Executive Director of Oklahoma Department of Commerce

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