The proposed bill, titled the "Electric Reliability Act," aims to amend Arkansas law regarding energy by establishing a new subchapter focused on ensuring the reliability and availability of electric utility services. The bill outlines the importance of reliable and affordable electric service for Arkansas residents and industries, emphasizing the need for immediate substitutes to prevent service interruptions. It highlights the risks associated with the closure of coal plants and the insufficient capacity of renewable energy sources, such as wind and solar, to meet current and future demands. The bill also stresses the significance of maintaining existing coal and natural gas plants for national and economic security.

Key provisions of the bill include stipulations that the Arkansas Public Service Commission cannot approve the retirement of any electric generation facility unless there is an equal or greater contracted new source of firm power available to replace it. The commission is required to consider closures in other states and seek federal waivers or court injunctions if federal regulations lead to the closure of facilities without adequate replacements. The bill aims to protect the reliability of electric utility services in Arkansas, particularly for low-income residents who are disproportionately affected by rising energy costs.