Oklahoma Senate Bill SB749

Oklahoma 2022 Regular Session

• Introduced: 2/1/21
• Refer: 2/2/21

Caption

Wind energy; providing a fee for commercial wind energy. Effective date.

Impact

The introduction of SB749 is anticipated to have significant implications for the wind energy sector in Oklahoma, which is already a leader in renewable energy production. By imposing this fee, the bill aims to contribute financially to educational reforms while encouraging the growth of wind energy infrastructure. The designated revenue stream supports essential educational programs, thereby intertwining energy policy with educational funding.

Summary

Senate Bill 749 establishes a fee on commercial wind energy equipment in Oklahoma, specifically set at one cent per kilowatt of total nameplate generating capacity. This fee is to be paid annually to the Oklahoma Corporation Commission starting January 1, 2022. Failure to pay the fee on time will result in penalties, including a one percent charge of the total amount due for each month it remains unpaid. The revenues generated from these fees and penalties are designated for the Education Reform Revolving Fund, which supports educational initiatives within the state.

Contention

Notably, while proponents of the bill may argue that such measures are necessary for funding education, opponents could contend that imposing a fee on renewable energy sources like wind power might undermine efforts to promote sustainable energy solutions. Concerns may arise regarding the potential impact on small and medium-sized wind energy operators who could find the additional financial burden challenging. The balance between promoting renewable energy and generating necessary state revenue through fees may become a focal point of debate as the bill progresses.