OK
Oklahoma House Bill HB2359

Oklahoma 2024 Regular Session

Oklahoma House Bill HB2359 Compare Versions

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1-An Act
2-ENROLLED HOUSE
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3+ENGR. S. A. TO ENGR. H. B. NO. 2359 Page 1 1
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28+ENGROSSED SENATE AMENDMENT
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331 BILL NO. 2359 By: Boles of the House
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533 and
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735 Paxton of the Senate
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13-An Act relating to the Co rporation Commission;
14-requiring submission of certain annual report;
15-requiring report contain certain items; requiring
16-certain manner and form for submission of report;
17-requiring submission of evidence of financial
18-security; detailing acceptable forms of e vidence of
19-financial security; requiring evidence of financial
20-security be submitted within certain time frame;
21-providing for amount of financ ial security; requiring
22-certain list be posted to website; requiring the use
23-of certain recycling facilities; prov iding for
24-certain administrative penalty; requiring submission
25-of certain annual registration fee; providing for
26-codification; and providing a n effective date.
40+[ Corporation Commission - annual report - evidence
41+of financial security – penalty – codification -
42+effective date ]
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29-SUBJECT: Corporation Commission
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47+AMENDMENT NO. 1. Page 1, strike the title, enacting clause and
48+entire bill and insert
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51+“[ Corporation Commission - annual report - evidence
52+of financial security – penalty – codification -
53+effective date ]
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3157 BE IT ENACTED BY THE PE OPLE OF THE STATE OF OKLAHOMA:
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3358 SECTION 1. NEW LAW A new section of law to be codified
3459 in the Oklahoma Statutes as Section 160.14A of Title 17, unless
3560 there is created a duplication in numbering, reads as follows:
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3761 A. The owner of a renewable energy re cycling facility shall
3862 submit an annual report to the Public Utility Division of the
3963 Corporation Commission no later than February 1 of each calendar
4064 year for the immediately preceding calendar year . The report shall
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4191 include a current total inventory of renewable energy components
4292 accepted for recycling, but not y et recycled, as of the end of the
4393 reporting period and an estimated timeline for the finality of
4494 recycling of those renewable energy components. The report shall
4595 also include the estimated costs for completing the recycling of the
46-reported inventory within the estimated timeline . Provided, the ENR. H. B. NO. 2359 Page 2
96+reported inventory within the estimated timeline . Provided, the
4797 estimated costs associated wi th the recycling of wind turbine bla des
4898 shall be reported independen tly from the aggregate cost estimate.
4999 The report shall be submitted in the manner and form prescribed by
50100 the Commission.
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52101 B. The owner of a renewable energy recycling facility shall
53102 submit to the Public Utility Division of the Commission evidence of
54103 financial security to cover the ant icipated costs of recycling the
55104 reported inventory, including wind turbine blades, during the
56105 upcoming calendar year. Evidence of financial security may be in
57106 the form of a surety bond, collateral bond, parent guaranty, cash,
58107 cashier’s check, certificate of deposit, bank joint custody receipt ,
59108 or other approved negotiable instrument as established in rules
60109 promulgated by the Corporation Commission. Evidence of financial
61110 security shall be submitted within ninety (90) days of the renewable
62111 energy recycling facility taking control o f any renewable energy
63112 components to be recycled.
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65139 C. The amount of financial security shal l be one hundred
66140 twenty-five percent (125%) of the estimated total cost of recycling
67141 reported pursuant to subsection A of this section.
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69142 D. The Public Utility Div ision of the Commission s hall post on
70143 the website of the Commission a list of those renewable energy
71144 recycling facilities that have submitted the report and evidence of
72145 financial security in accordance with the provisions of this
73146 section. An owner of a wind farm operation that chooses to send
74147 wind turbine blade renewable energy components to a third-party
75148 recycling facility locat ed in this state shall utilize renewable
76149 energy recycling facilities listed on the Commission website.
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78150 E. If the owner of a recycling facility fails to submit the
79151 information required by this section, the owner shall be subject to
80152 an administrative penalty not to exceed Five Hundred Dollars
81153 ($500.00) per day.
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83154 F. Each recycling facility shall submit an annual registration
84155 fee of One Thousand Dollars ($1,000.00) per year to the Commi ssion
85156 at the time of the annual report filing to cover the cost of
86157 implementing the provisions of this section.
158+SECTION 2. This act shall become effective November 1, 2023.”
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88-SECTION 2. This act shall become effective November 1, 2023.
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90- ENR. H. B. NO. 2359 Page 3
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92-Passed the House of Representatives the 25th day of May, 2023.
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188+Passed the Senate the 19th day of April, 2023.
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192+ Presiding Officer of the Senate
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195+Passed the House of Representatives the ____ day of __________,
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200+ Presiding Officer of the House
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203+ENGR. H. B. NO. 2359 Page 1 1
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228+ENGROSSED HOUSE
229+BILL NO. 2359 By: Boles of the House
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231+ and
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233+ Paxton of the Senate
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240+[ Corporation Commission - annual report - evidence
241+of financial security – penalty – codification -
242+effective date ]
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247+BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
248+SECTION 3. NEW LAW A new section of law to be codified
249+in the Oklahoma Statutes as Section 160.14A of Title 17, unless
250+there is created a duplication in numbering, reads as follows:
251+A. The owner of a renewable energy re cycling facility shall
252+submit an annual report to the Oklahoma Corporation Com mission no
253+later than December 31 of each calendar year to include current
254+inventory and an estimated timeline for the finality of recycling of
255+all renewable energy components. The report shall also include
256+evidence of financial security for all projects for that calendar
257+year.
258+B. The owner of a renewable energy recycling facility shall
259+submit to the Oklahoma Corporation Commission evidence of financial
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261+ENGR. H. B. NO. 2359 Page 2 1
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286+security to cover the ant icipated costs of recycling wind turbine
287+blades or other components of the ren ewable energy facility.
288+Evidence of financial security may be in the form of a surety bond,
289+collateral bond, parent guaranty, cash, cashier 's check, certificate
290+of deposit, bank joint custody receipt or other approved n egotiable
291+instrument as established in rules promulgated by the Oklahoma
292+Corporation Commission. Evidence of financial security shall be
293+submitted within ninety (90) days of the recycling facility taking
294+control of components for the energy facility to be recycled.
295+C. The amount of financi al security shall be one hundred
296+twenty-five percent (125%) of the estimated total cost of recycling.
297+D. If the owner of the recycling facility fails to submit the
298+information required by this section, the owner shall b e subject to
299+an administrative penal ty not to exceed Five Hundred Dollars
300+($500.00) per day.
301+SECTION 4. This act shall become effective November 1, 2023.
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328+Passed the House of Representatives the 6th day of March, 2023.
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101-Passed the Senate the 25th day of May, 2023.
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338+Passed the Senate the ___ day of __________, 2023.
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109-OFFICE OF THE GOVERNOR
110-Received by the Office of the Governor this ____________________
111-day of ___________________, 20_______, at _______ o'clock _______ M.
112-By: _________________________________
113-Approved by the Gover nor of the State of Oklahoma this _____ ____
114-day of ___________________, 20_______, at _______ o'clock _______ M.
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117- _________________________________
118- Governor of the State of Oklahoma
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120-OFFICE OF THE SECRETARY OF STATE
121-Received by the Office of the Secreta ry of State this __________
122-day of ___________________, 20_______, at _______ o'clock _______ M.
123-By: _________________________________
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