Oklahoma proposes privatizing power plants to pay for budget gap

Source: Jonathan Baker, HPPR, December 22, 2016

Oklahoma’s budget gap next year could amount to well over half a billion dollars. To plug the hole, lawmakers in Oklahoma City are discussing selling some of the state’s power plants. … Lawmakers plan to soon introduce a plan to sell the Dam Authority. If the plan is approved, the power plants would be given over to private enterprises. The GRDA’s sale could be worth more than a billion dollars. The Grand River Dam Authority is currently a state-owned, non-appropriated, non-profit utility. This isn’t the first time the sale of the GRDA has been floated, but the bills always failed in the past.