Oklahoma regulators plan to meet Tuesday morning for a regular meeting at the State Capitol.
The 9:30 a.m. meeting of the Corporation Commission will be the first since Commissioner Bob Anthony filed a 74-page dissent that focused on the controversial use of securitization bonds to help utilities recover their 2021 Winter Storm Uri costs.
Anthony called for an investigation of the Commission’s actions and those of the Treasurer’s office, the Oklahoma Development Finance Authority and the Commission’s Public Utilities Division.
He also put some of the blame on billions of dollars in bonds by the four utilities that used them on fellow Commissioners Todd Hiett and Dana Murphy.
“At the behest of insiders who stood to make tens, if not hundreds of millions on the backs of Oklahoma’s most vulnerable citizens, state government officials approved an ill-conceived, fatally-flawed piece of legislation, compounded its shortcomings with recklessly open-ended financing orders approved by two ethically-compromised OCC commissioners, and after tacit
approval from a few more perversely-incentivized “oversight” authorities, handed the implementation of the dirty deed off to an unqualified state finance agency swimming with Wall Street insiders, bankers and consultants/attorneys/advisors with more profit motives and conflicts of interest than could be addressed in a dissenting opinion twice this long,” he stated in his dissent filed last week.
Otherwise, the agenda for the meeting contains what appears to be routine items to be considered by commissioners.
Consideration of and possible vote(s) on proposed or potential orders in causes on the daily signing agenda docket. At the meeting, the Commission may discuss and consider alterations, revisions, or amendments to the proposed or potential orders. (Votes may be taken on individual causes, on the daily signing agenda docket as a whole, or both by individual causes and the remaining docket.)
III Consideration of and possible vote(s) on proposed or potential orders in causes on attached 24-hour signing agenda docket. At the meeting, the Commission may discuss and consider alterations, revisions, or amendments to the proposed or potential orders. (Votes may be taken on individual causes, on the 24-hour signing agenda docket as a whole, or both by
individual causes and the remaining docket.)
IV New business
A. Any matter not known about and which could not have been reasonably foreseen 24 hours before the meeting
B. Possible vote(s) on matters of new business