Russell Ray for Oklahoma Corporation Commission

To quote myself from a few years back:

There's one statewide race that ought to matter more than any other to Oklahoma voters. That's the race for a seat on the Oklahoma Corporation Commission (OCC). In addition to overseeing Oklahoma's oil and gas industry, the OCC regulates public utilities like PSO, ONG, and AT&T (formerly Southwestern Bell).

Considering the amount of money at stake in the OCC's decisions on utility rates, the commission is ripe for corruption. And indeed, in the late '80s and early '90s, the FBI investigated bribery allegations involving the OCC. Corporation Commissioner Bob Hopkins, a Democrat, was convicted of bribery and sent to jail, as was utility lobbyist Bill Anderson. The culture of corruption at the OCC was cracked open because, in 1989, a newly-elected commissioner went to Feds when Anderson offered him cash.

That commissioner was Bob Anthony, a man of honesty and fairness. In Anthony, Oklahoma's utility ratepayers have someone who is looking out for their interests. Regulated companies, whether large or small, get a fair shake from Bob Anthony.

Now Bob Anthony has been term-limited after 36 years looking our for the interests of Oklahoma residents and scrutinizing the claims of our monopoly utility companies on the Oklahoma Corporation Commission. Three Republicans, a Republican-turned-Democrat, and a Libertarian are running to replace him.

I'll refer you to Oklahoma Constitution's thorough story on the race and the candidates and add a few more links and comments.

Bob Anthony has endorsed Russell Ray, a journalist who spent decades covering the energy industry for newspapers and industry publications. He is currently director of communications for the Oklahoma Department of Career and Technology Education. Ray shares Anthony's concerns over the way utilities passed costs related to 2021's winter storm on to consumers.

The front-runner in terms of fundraising is PAC-backed Brian Bingman, former State Senate President Pro-Tempore. Bingman ran against Bob Anthony in 2018. His failure (along with Gov. Mary Fallin and leadership in the State House) to use political capital to reform state government and abolish and consolidate obsolete agencies and cut wasteful spending brought the state to the fiscal crisis of 2018. Bingman's backers put up enough money to force Anthony into a runoff, which Anthony won handily. Oklahomans, sadly, must assume that, as a corporation commissioner, Bingman will do what he did in the State Senate -- take care of the lobbyists who got him elected and not the consumers who depend on the Corporation Commission to protect our interests from the monopoly utility companies. It's basic public-choice theory: Concentrated benefits vs. diffuse costs. The companies that stand to make a financial killing from favorable Corporation Commission decisions have an incentive to pour money into the race to get their man elected.

As of the June 3, 2024, pre-primary contributions and expenditures report, Bingman had raised $399,096.21, of which $60,500.66 came from PACs. By contrast, Russell Ray has only raised $1,575.00, all from individuals, and covered another $1,127.50 from his own pocket.

The Oklahoma Constitution story notes that Bingman "was one of the more moderate Republicans in the Legislature with a cumulative average of 59% on the Oklahoma Conservative Index published by the Oklahoma Constitution. He scored only 40% in his final session in 2016." [Link added.] That's a polite way of saying that Bingman bent over backwards for corporate welfare.

OK Energy Today has an informative interview with Russell Ray from April, in which Ray discusses the problem with the OCC becoming an extension of legislative leadership (which, although Ray leaves it unsaid, is owned and operated by lobbyists).

"Quite frankly I think the credibility of the commission is at stake and I think adding another member of the political establishment to the commission will make things only worse."...

Some have suggested the Corporation Commission is becoming a retirement home for former legislative leaders. Chairman Todd Hiett is a former Speaker of the House and commissioner Kim David was the Oklahoma Senate Majority Floor Leader during her last years before being term limited. If Bingman were elected, it would mean three former legislative leaders would make up the commission.

"I am my own man," declared Ray in the interview with OK Energy Today. "I do think the balance between the concerns of consumers and the concerns of business is out of balance. I think right now, the balance favors the business over the consumer--that's not good."

He went on to indicate he believes the Corporation Commisson needs to do a better job of striking the right balance betwen those two concerns and be more fair to both sides.

Russell Ray's deep knowledge of the oil & gas and power industries means he'll be able to ask incisive questions of the businesses who come before the OCC.

Ray spent his career as a journalist who covered oil and gas for the Tulsa World for 8 years and was a business reporter for the Tampa Tribune and the Arkansas Democrat-Gazette. He also spent 9 years as Chairman of POWER- GEN International, which is the sponsor of the largest trade show for the power sector in the world. He also served as Editor-in-Chief of Power Engineering magazine.

Power Engineering is the world's largest business-to-business magazine for the power sector, serving more than 70,000 readers. Ray was responsible for all editorial content, including a regular column he wrote on energy policy, pricing and technology.

Ray was also editor of the Journal Record in Oklahoma City.

"I've written about everything, I've covered everything. I understand the trends in technology, trends in pricing and trends in policy--my point is, I think someone with that kind of knowledge and skillset is more qualified than a career politician."

Ray addresses a threat to public transparency that is backed by the two ex-legislative leaders on the Commission:

"This bill would allow commissioners to meet behind closed doors to talk about public business--I've got a big, big problem with that and every Oklahoman should have a problem with that--the risk for abuse is great."

The candidate raised the question--if HB2367 becomes law, what will stop the legislature and others from doing the same thing for every city council or school board? As written, the bill only applies to the Corporation Commission, but questions have been raised that other three-member agencies might want the same power and lead to more legislative leniency.

"This would set a dangerous precedent for the entire state when it comes to open government."

County Commissions also have only three members. I'd rather see the number of commissioners increased than for them to be exempt from the Open Meetings Law.

You'll want to read the whole article for a discussion of 2021's Winter Storm Uri and the costs that utilities have palmed off on consumers, but here's the pull quote:

"The Commission has passed on billions of dollars in higher fuel costs and higher rate increases to consumers over the last three years I think with little or no scrutiny," he declared on the same day that Corporation Commissioner Bob Anthony filed more objections to the one-page audit of PSO's storm costs.

A vote for Brian Bingman is a vote for total regulatory capture. A vote for Russell Ray is a vote for at least one voice on the OCC in favor of public accountability and transparency in the regulation of our utility rates and the oil and gas industry, with a hope for a majority on the side of accountability and transparency after the 2026 election.

UPDATE:

I had forgotten one very significant betrayal of conservative principles by Brian Bingman. In 2014, as Senate President Pro Tempore (leader of that chamber), Bingman allowed the National Popular Vote Interstate Compact to reach the floor of the State Senate, but he voted for it, and it passed with considerable Republican support. Under Brian Bingman's misleadership, the Oklahoma Senate was the first Red State legislative chamber to back the Left's plan to let Blue Cities (and their fraud-prone electoral practices) dominate presidential elections.

Justin Hornback, the other Republican in the race to replace Bob Anthony, reached out to me via Facebook, politely asking why I endorsed Russell Ray, despite Hornback receiving the endorsements of OK2A and OKHPR. He certainly would be preferable to Brian Bingman, and Hornback says that he has power generation industry experience as well as oil and gas experience, but I put a lot of stock in Bob Anthony's endorsement.