This bill establishes new regulations for the Corporation Commission regarding the management and approval of electric grid resources in Oklahoma. It defines key terms such as "firming power," "guaranteed power capacity," and "intermittent generation," and mandates the Commission to create rules ensuring that electric grids are both affordable and reliable. The bill outlines specific criteria that must be met for new power generation resources to be approved, including the requirement that existing resources not be retired prematurely unless it results in lower costs. Additionally, the bill emphasizes the importance of maintaining a guaranteed power capacity of at least 115% of peak net load and sets standards for power generation resources to ensure they can operate effectively during extreme weather conditions.

Furthermore, the bill prohibits the approval of new intermittent generation sources unless they are supported by firming power for a minimum of 48 hours during peak load periods. The Corporation Commission is also tasked with coordinating with regional transmission organizations to develop cost-effective, weather-independent power policies. The provisions of this act are set to take effect on November 1, 2025.