The bill amends Arkansas Code 23-3-117 to establish new regulations for public utility contracts for interruptible service. It allows public utilities to contract for the sale of utility services on an interruptible basis for a maximum term of twenty-five years with customers engaged in manufacturing, generation, processing, or preparation of products. The bill specifies that these contracts must be approved by the Arkansas Public Service Commission and demonstrate that they are in the public interest. Additionally, the contracts must specify the amount of interruptible load to be achieved by the customer, which can only be altered once per year.

Furthermore, the bill mandates that electric utilities must offer interruptible service to classes of customers with high consumption levels, provided they meet certain usage thresholds. The rate schedules for these services must align with regional transmission organization tariffs and federal regulations, ensuring they qualify as resources in the wholesale market. The bill also stipulates that customers taking interruptible service cannot participate in net-metering unless specific conditions are met, including prior approval from the Arkansas Public Service Commission.