Oklahoma Gov. Frank Keating has signed into law the "Electric Restructuring Act of 1997," S.B. 500, which allows customers choice of electric suppliers by July 1, 2002.
The legislation was written by state Sen. Kevin Easley (D), who originally had called for competition by 2000. The new law calls for the Oklahoma
Corporation Commission to resolve issues surrounding stranded costs.
According to Keating, "[Deregulation] should help strengthen our economic development position when we're in competition with other states for jobs."