Oklahoma lawmakers and regulators recently authorized longer-term agreements for buying natural gas. The Oklahoma Corporation Commission updated its rules, thereby allowing the best option to win the day. I commend the commission for its foresighted action.
As the report summarizes, the U.S. electric power industry has a historic opportunity to deliver cleaner and cheaper gas-fired generated power to America for decades. The opportunity won't be realized unless more lawmakers and regulators follow Oklahoma's lead to put into place the framework to support the wider use of longer-term gas supply contracts. Now is the time.
Roth, an attorney in Oklahoma City, is a former member of the Oklahoma Corporation Commission. He is an ACSF consultant.