Statements Released on Utility Regulatory Legislation

Mike Seals - April 20, 2021 10:57 pm

OKLAHOMA CITY – Two Oklahoma City Metro representatives released statements today after Senate Bill 1049 passed the House.

Rep. Andy Fugate, D-Del City, filed an unsuccessful amendment to recapture the profits utility suppliers made during our recent ice storm:

“I applaud my colleagues for their efforts to ease the cost burden for Oklahoma’s utility customers,” Fugate said. “However, the language in Senate Bill 1049 is a half-measure. It does nothing to recover any of the obscene profits made by those who manipulated energy markets during a crisis. Whether customers pay all at once or using an installment plan, the fact remains: the people of Oklahoma will pay for this. The current bill merely converts that payment from a lump sum into a utility tax.

“During the recent ice storm, utility suppliers manipulated markets to overcharge Oklahomans by $4.5 billion in just a matter of days. That’s $1.5 billion more than we will budget this year for all of Oklahoma’s public school children. It’s outrageous that we are moving to pay this without also working to get any of this money back.

“The Legislature has entertained all manner of legislation demanding the AG work on issues. This is an issue that truly deserves his attention.”

Rep. Mickey Dollens, D-OKC:

“Oklahomans across the state are struggling to get back to normal after 2020,” Dollens said. “Now they are being asked to shoulder a $4.5 billion dollar energy bill. If the ongoing investigation concludes energy providers manipulated the market to profit off February’s Arctic blast, Attorney General Hunter must stand up for the people who elected him and do everything in his power to reclaim their hard-earned dollars.”

 

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