Oklahoma governor signs bills to limit storm utility costs

OKLAHOMA CITY (AP) — Oklahoma Gov. Kevin Stitt signed a pair of bills Friday to mitigate the skyrocketing storm-related utility costs from a February winter storm.

The bills were among two dozen measures that Stitt signed into law. He also vetoed two measures.

The utility bills authorize the issuance of ratepayer-backed bonds to help offset an estimated $4.5 billion in increased storm-related energy costs. The securitization is designed to lower the monthly costs for ratepayers over an extended period.

One bill he vetoed would have added members to a Rural Broadband Expansion Council that the...

 

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