Okla. Admin. Code § 165:35-31-1

Current through Vol. 41, No. 19, June 17, 2024

Section 165:35-31-1 - Purpose, scope and application of Subchapter

(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.

Okla. Admin. Code § 165:35-31-1

Added at 21 Ok Reg 2085, eff 7-1-04