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S.E. OKL. DEV. & GAS AUTH. v. OKLAHOMA CORP. COM'N

No. 51134.

606 P.2d 574 (1980)

SOUTHEASTERN OKLAHOMA DEVELOPMENT AND GAS AUTHORITY, Appellant, v. THE OKLAHOMA CORPORATION COMMISSION and the State of Oklahoma, Appellees.

Supreme Court of Oklahoma.

February 5, 1980.

Attorney(s) appearing for the Case

Gary F. Duckworth, Oklahoma City, for appellant.

Cody B. Waddell, Gen. Counsel, Corp. Commission, Oklahoma City, for appellees.

IRWIN, Vice Chief Justice.

The Southeastern Oklahoma Development and Gas Authority (Trust), a public trust, was formed in 1968 pursuant to 60 O.S. 1961, § 176. The State of Oklahoma is its beneficiary. The purpose of the trust, inter alia, was to supply natural gas service in various counties in southeastern Oklahoma. The cost in acquiring, improving and constructing the gas...

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