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ENGROSSED SENATE AMENDMENT
TO
ENGROSSED HOUSE
BILL NO. 2359 By: Boles of the House
and
Paxton of the Senate
[ Corporation Commission - annual report - evidence
of financial security – penalty – codification -
effective date ]
AMENDMENT NO. 1. Page 1, strike the title, enacting clause and
entire bill and insert
“[ Corporation Commission - annual report - evidence
of financial security – penalty – codification -
effective date ]
BE IT ENACTED BY THE PE OPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 160.14A of Title 17, unless
there is created a duplication in numbering, reads as follows:
A. The owner of a renewable energy re cycling facility shall
submit an annual report to the Public Utility Division of the
Corporation Commission no later than February 1 of each calendar
year for the immediately preceding calendar year . The report shall
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include a current total inventory of renewable energy components
accepted for recycling, but not y et recycled, as of the end of the
reporting period and an estimated timeline for the finality of
recycling of those renewable energy components. The report shall
also include the estimated costs for completing the recycling of the
reported inventory within the estimated timeline . Provided, the
estimated costs associated wi th the recycling of wind turbine bla des
shall be reported independen tly from the aggregate cost estimate.
The report shall be submitted in the manner and form prescribed by
the Commission.
B. The owner of a renewable energy recycling facility shall
submit to the Public Utility Division of the Commission evidence of
financial security to cover the ant icipated costs of recycling the
reported inventory, including wind turbine blades, during the
upcoming calendar year. Evidence of financial security may be in
the form of a surety bond, collateral bond, parent guaranty, cash,
cashier’s check, certificate of deposit, bank joint custody receipt ,
or other approved negotiable instrument as established in rules
promulgated by the Corporation Commission. Evidence of financial
security shall be submitted within ninety (90) days of the renewable
energy recycling facility taking control o f any renewable energy
components to be recycled.
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C. The amount of financial security shal l be one hundred
twenty-five percent (125%) of the estimated total cost of recycling
reported pursuant to subsection A of this section.
D. The Public Utility Div ision of the Commission s hall post on
the website of the Commission a list of those renewable energy
recycling facilities that have submitted the report and evidence of
financial security in accordance with the provisions of this
section. An owner of a wind farm operation that chooses to send
wind turbine blade renewable energy components to a third-party
recycling facility locat ed in this state shall utilize renewable
energy recycling facilities listed on the Commission website.
E. If the owner of a recycling facility fails to submit the
information required by this section, the owner shall be subject to
an administrative penalty not to exceed Five Hundred Dollars
($500.00) per day.
F. Each recycling facility shall submit an annual registration
fee of One Thousand Dollars ($1,000.00) per year to the Commi ssion
at the time of the annual report filing to cover the cost of
implementing the provisions of this section.
SECTION 2. This act shall become effective November 1, 2023.”
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Passed the Senate the 19th day of April, 2023.
Presiding Officer of the Senate
Passed the House of Representatives the ____ day of __________,
2023.
Presiding Officer of the House
of Representatives
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ENGROSSED HOUSE
BILL NO. 2359 By: Boles of the House
and
Paxton of the Senate
[ Corporation Commission - annual report - evidence
of financial security – penalty – codification -
effective date ]
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 3. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 160.14A of Title 17, unless
there is created a duplication in numbering, reads as follows:
A. The owner of a renewable energy re cycling facility shall
submit an annual report to the Oklahoma Corporation Com mission no
later than December 31 of each calendar year to include current
inventory and an estimated timeline for the finality of recycling of
all renewable energy components. The report shall also include
evidence of financial security for all projects for that calendar
year.
B. The owner of a renewable energy recycling facility shall
submit to the Oklahoma Corporation Commission evidence of financial
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security to cover the ant icipated costs of recycling wind turbine
blades or other components of the ren ewable energy facility.
Evidence of financial security may be in the form of a surety bond,
collateral bond, parent guaranty, cash, cashier 's check, certificate
of deposit, bank joint custody receipt or other approved n egotiable
instrument as established in rules promulgated by the Oklahoma
Corporation Commission. Evidence of financial security shall be
submitted within ninety (90) days of the recycling facility taking
control of components for the energy facility to be recycled.
C. The amount of financi al security shall be one hundred
twenty-five percent (125%) of the estimated total cost of recycling.
D. If the owner of the recycling facility fails to submit the
information required by this section, the owner shall b e subject to
an administrative penal ty not to exceed Five Hundred Dollars
($500.00) per day.
SECTION 4. This act shall become effective November 1, 2023.
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Passed the House of Representatives the 6th day of March, 2023.
Presiding Officer of the House
of Representatives
Passed the Senate the ___ day of __________, 2023.
Presiding Officer of the Senate