News from the Oklahoma Corporation Commission

Jim Palmer, Director of Information

May 24, 2000

The attached letter from Oklahoma Corporation Commissioner Denise Bode to Oklahoma Representative Fred Stanley, thanking him for inviting her to appear before the House Democratic Caucus last week to explain her views on electric restructuring, describes in a clear and precise way what she believes are the key elements important to Oklahomans about electric restructuring as they relate to the recently passed SB220. Some of the issues Commissioner Bode highlights in this letter are:

Electric Restructuring is about rates.

Rates will rise under current legislation

This legislation poses a $20 million dollar tax increase

Additional generation

A finding of competition

A cap versus a freeze on rates

Transfer of assets

Functional or structural change

Affiliate rules

No other state has allowed…

YOU WILL ALSO FIND A FACT SHEET PUT TOGETHER BY COMMISSIONER BODE ON KEEPING OKLAHOMA’S ADVANTAGE OF CHEAP, ABUNDANT ENERGY.

The Commissioner is available for comment.