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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 165. Corporation Commission |
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Chapter 35. Electric Utility Rules |
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Subchapter 31. Affiliate Transactions and Financial Transactions of Utilities and Affiliates |
SECTION 165:35-31-1. Purpose, scope and application of Subchapter
Latest version.
- (a) The affiliate transactions and financial transactions (such as stock, bond, derivatives, and any financing instrument issuance) rules are promulgated to establish enforcement, reporting and monitoring provisions of utilities as to these transactions.(b) The intention of this Subchapter includes [but is not limited to]:(1) The establishment of standards for transactions between utilities and their affiliates for purposes of determining fair, just and reasonable rates and charges;(2) The prevention of subsidization of an affiliate by a utility;(3) The support of fair and clear cost allocations; and(4) The protection of the customers of a utility from being subjected to any unreasonable financial obligation or costs of an affiliate.