ODFA director has ‘every confidence’ utility bill securitization will be approved

  • Members of the Oklahoma Development Finance Authority vote on an agenda item Friday, Jan. 28, 2022. Provided
  • The historic winter storm that hit Oklahoma and surrounding states in February 2021 caused a spike in natural gas prices. Tres Savage/ NonDoc
  • Oklahoma Attorney General Mike Hunter speaks June 23, 2018, at the Tower Theatre in Oklahoma City. Tres Savagenondoc.com
The director of the Oklahoma Development Finance Authority told his board Friday he expects the Oklahoma State Supreme Court to validate OG&E’s proposal for up to $800 million in ratepayerbacked bonds intended to securitize and pay off massive debt accrued during the historic February 2021 winter storm. “I have every confidence they will validate the bonds, and at that point in time we are…

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