Oklahoma § 17-250 - Terms defined

§ 17-250. Terms defined

As used in this act:

1. "Affiliated person, subsidiary, firm or corporation" means

any person, subsidiary, firm or corporation which:

a.

controls or is controlled by a public utility,

b.

is controlled by an entity that also controls the

utility, or

c.

the utility or an entity controlling the utility has

directly or indirectly the power to control;

2. "Commission" means any state regulatory body which has

jurisdiction to regulate public utilities or electric cooperatives;

3. "Emergency sales of gas" mean sales of natural gas made by a

public utility or subsidiary thereof to one or more interstate

pipelines or other out-of-state customer pursuant to federal law

which exempts such transactions from the jurisdiction of the Federal

Power Commission;

4. "Fair field price" means the value attributed to gas

produced from wells owned by a public utility, or a subsidiary or

affiliate of a public utility, which shall be the going price paid

by the utility, subsidiary or affiliate to others in the field where

such production is located. If the utility, subsidiary or affiliate

is not purchasing gas in such field, then such value shall be the

price paid by the utility, subsidiary or affiliate in the nearest

field where conditions are similar. The value to be attributed to

residue gas owned by a public utility, or a subsidiary or affiliate

of a public utility, from gas processing plants shall be the going

price paid by the utility, subsidiary or affiliate to others from

the same plant. If the utility, subsidiary or affiliate is not

purchasing gas from said plant, then the value shall be the price

paid by the utility, subsidiary or affiliate at the nearest plant

where conditions are similar. However, the Commission may require

an adjustment of the fair field price when it deems it proper to do

so based on information before it. The fair field price shall not

Oklahoma Statutes - Title 17. Corporation Commission

be applicable to gas purchased by a public utility from a subsidiary

or affiliate of a public utility pursuant to a competitive bid

process;

5. "Fuel adjustment clause" means any mechanism which allows a

public utility or electric generating cooperative to automatically

adjust its charges above or below the base amount included in its

rates, based upon changes in costs of fuel for generation of

electricity, purchased power or purchased gas;

6. "Heat rate" means a measure of the efficiency of an electric

generating station, computed by dividing the total British Thermal

Unit content of the fuel burned by the resulting net kilowatt-hours

generated;

7. "Line loss" means the kilowatt-hours of electricity lost in

the operation of an electric transmission or distribution system;

8. "Public utility" or "utility" means any individual, firm,

association, partnership, corporation, or any combination thereof,

other than a municipal corporation or their lessees, trustees and

receivers, owning or operating for compensation in this state

equipment or facilities for:

a.

producing, generating, transmitting, distributing,

selling or furnishing electricity, or

b.

transmitting, directly or indirectly, or distributing

combustible hydrocarbon natural or synthetic natural

gas for sale to the public or for wholesale, unless

its wholesale rates are regulated by a federal agency,

provided that such term shall not include entities as

described by the provisions of paragraph 2 of

subsection B of Section 151 of this title; and

9. "Purchased power adjustment clause" means any mechanism

which allows an electric public utility or electric distribution

cooperative to adjust its charges above or below the base amount

included in its rates based upon changes in costs of wholesale power

purchased from others.

Added by Laws 1977, c. 252, § 1, emerg. eff. June 15, 1977. Amended

by Laws 2004, c. 410, § 1, emerg. eff. June 3, 2004; Laws 2024, c.

67, § 4, emerg. eff. April 22, 2024.