Oklahoma Corporation Commissioners plan to meet Wednesday to make a possible decision on the preapproval request of Public Service Company of Oklahoma for its acquisition of the Green Country Power Plant in Jenks.
Commissioners have indicated their support for the request and at a meeting last week, Commissioner Kim David stated that PSO appears to have met all of the requirements for the acquisition.
If the three commissioners do adopt an approval of the $230 million acquisition, it will be in opposition to the recommendation of one of their administrative law judges who concluded PSO did not meet the requirements of competitive bidding. Consumer groups also opposed the preapproval and supported the judge’s recommendation.
Commissioners had mentioned that the attraction of possible major manufacturing projects in the state meant an increased demand for electricity production. The $4 billion aluminum smeltering plant proposed at the Port of Inola was never mentioned specifically by the regulators, but electricity production was an integral part of the negotiations between the state and the operator.
The Wednesday afternoon meeting is expected to be yet another session where the commissioners take advantage of remote access. The agenda indicated Commissioners Brian Bingman and Todd Hiett will participate from the Oklahoma City offices while commission Chair Kim David will be at the Tulsa offices of the agency.
The agenda follows:
Item Topic
I. A. Call to order
B. Announcement concerning public notice
C. Determination of quorum
II. Consideration of and possible vote(s) on proposed or potential orders in cases on the daily signing agenda docket. The Commission may discuss and consider alterations, revisions,
or amendments to the proposed or potential orders. (Votes may be taken on individual cases, on the daily signing agenda docket as a whole, or both by individual cases and the remaining docket. The vote on daily signing agenda cases may be combined with the vote
on 24-hour signing agenda cases.)
III. Consideration of and possible vote(s) on proposed or potential orders in cases on attached 24-hour signing agenda docket. The Commission may discuss and consider alterations, revisions, or amendments to the proposed or potential orders. (Votes may be taken on individual cases on the 24-hour signing agenda docket as a whole, or both by individual cases and the remaining docket.)
IV. Case No. PUD2024-000032, Application of Public Service Company of Oklahoma, an Oklahoma Corporation, for a Proceeding Before the Commission En Banc as Provided
for by Order No. 738226 to Address the Private Letter Ruling Received from the Internal Revenue Service
A. Discussion and possible vote(s) on a proposed Order Vacating Order No. 749733, and/or any alterations, revisions, or amendments thereto proposed at the meeting
B. Discussion and possible vote(s) on a proposed Final Order, and/or any alterations, revisions, or amendments thereto proposed at the meeting
V. Discussion and possible vote(s) on a proposed Final Order in Case No. PUD2024-000057, Application of Public Service Company of Oklahoma for an Order of the Commission
Granting Preapproval of the Purchase and Cost Recovery of the Green Country Generating Facility and Authorizing a Recovery Rider, and/or any alterations, revisions, or amendments thereto proposed at the meeting
VI. 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
VII. Adjournment