Regulatory Proceedings : Oklahoma

Public Utility Commission website: http://www.occ.state.ok.us/

Regulatory Activity Underway:

PSO Application to Recover Costs from Red Rock Facility:

Cause No: PUD200700465

Overview:
On December 28, 2007, Public Service Company of Oklahoma filed an application with the Oklahoma Corporation Commission that seeks recovery of costs associated with the cancelled Red Rock power generation facility. In the filing, PSO requests recovery of approximately $21 million for its share of the costs of the pre-engineering, design, equipment reservation and planning for the plant, and asks the OCC to allow the company to use proceeds from the sale of emissions allowances to offset those costs.

Procedural Schedule:
3/25/2008 - Deadline for rebuttal testimony
4/07/2008 - Pre-hearing motions due
4/16/2008 - Hearing
4/25/2008 - Proposed findings of fact due to ALJ
5/16/2008 - ALJ's report of recommendation due

On March 13, 2008 PSO signed a settlement agreement with stipulating parties which provides for recovery of 50% of the total PSO costs ($10.5 million) over a period of time equal to the lives of the new Southwestern Power Station generation units plus related carrying charges.  This agreement has not yet been approved by the OCC.