Req. No. 6469 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 1st Session of the 58th Legislature (2021) HOUSE BILL 2112 By: Turner AS INTRODUCED An Act relating to the Corporation Commission; requiring promulgation of certain rules and procedures; requiring electric utility compani es to bury certain lines underground; allowing for application for rate adjustment to recover costs and expenditures; providing for codification; and providing an effective date . BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 294 of Title 17, unless there is created a duplication in numbering, reads as follows: The Corporation Commission shall promulgate rules and procedures requiring electric utilities operating in this state to replace all existing distribution and transmission overhead wires, power poles and associated overhead structures with subterranean power lines. The rules and procedures shall require all future projects necessitate the installation of subterranean power lines. The rules and procedures shall contain provisions allowing the electric utility, subject to rate regulation by the Corporation Commission , Req. No. 6469 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 to file an application seeking Commission authorizatio n to make capital expenditures for necessary equipment or facilities and to adjust its rates to recover the costs of expenditures to comply with the requirements of this section. SECTION 2. This act shall become effective November 1, 2021. 58-1-6469 JBH 12/28/20