X

Legal Memorandum: Retirement of Long-Lived Assets in OK

Issue: Legal Obligations for the Retirement of Long-Lived Assets for Public Utility Operators in Oklahoma.

Area of Law: Administrative Law, Administrative Law & Regulation (Federal and State), Environmental Law
Keywords: Retirement or abandonment of long-lived assets; Public utility operators; Legal obligations
Jurisdiction: Oklahoma
Cited Cases: None
Cited Statutes: Okla. Admin. Code §§ 165:35-1-5, :45-3-5, § 165:20-5-21
Date: 11/01/2004

Utilities are regulated by the Oklahoma Corporation Commission.  Neither a gas utility nor an electric utility may discontinue or abandon any segment of its jurisdictional distribution system except upon order of the Commission upon application, notice and hearing.  However, this provision does not apply to routine retirement or replacement of plant or equipment.  See Okla. Admin. Code §§ 165:35-1-5, :45-3-5 (2004).

With respect to gas pipelines, the Commission has adopted 49 C.F.R. Part 192 as the minimum safety requirements for intrastate pipeline transmission of gas subject to the Commission’s jurisdiction.  Id. § 165:20-5-21. 

[…]

Subscribe to Litigation Pathfinder

To get the full-text of this Legal Memorandum ... and more!

(Month-to-month and annual subscriptions available)