Oklahoma § 17-252 - Monitoring of fuel adjustment clauses

§ 17-252. Monitoring of fuel adjustment clauses

Whenever the Commission approves a fuel adjustment clause

pursuant to this act, the clause shall apply to all similar public

utilities affected by such increased costs. In addition, the

Commission shall continually monitor and oversee the application of

the fuel adjustment clauses. The Commission shall hold a public

hearing thereon whenever it deems it necessary, but no less

frequently than once every twelve (12) months. If the Commission

finds that the charges or credits are not based upon the actual

prices paid for fuel, purchased gas or purchased power, or are not

properly computed in accordance with the applicable adjustment

clause, it shall recompute the charges or credits and shall direct

the public utility to take such action as may be required to insure

that the charges or credits properly reflect the actual prices paid

for fuel, purchased gas or purchased power and are properly computed

in accordance with the applicable adjustment clause for the

applicable period. The fuel adjustment clause may be amended upon a

finding of changed circumstances by the Commission but shall not be

wholly discontinued or suspended except by order of the Commission

after notice and hearings for the utilities affected have been

rendered.

Laws 1977, c. 252, § 3, emerg. eff. June 15, 1977; Laws 1991, c.

332, § 2, eff. July 1, 1991.