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 critical dependence of Arkansas residents on reliable and affordable electric service for various essential functions, including medical equipment operation and climate control. 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 demand. The bill emphasizes the need for maintaining existing electric generation facilities and ensuring that any proposed closures are accompanied by an equal or greater replacement of firm power on the electric grid.

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 a contracted new source of firm power available to replace it. The commission is also tasked with considering closures in other states and their impact on Arkansas's power supply. Additionally, if federal regulations lead to the closure of facilities without sufficient replacements, the commission is directed to seek waivers or pursue legal action to prevent such closures. Overall, the bill seeks to protect the reliability and affordability of electric utility services in Arkansas amidst changing energy landscapes.