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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.

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Michael Davis


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