House Bill No. 2756, introduced by Caldwell (Trey), establishes new regulations for electric transmission facilities in Oklahoma. The bill defines key terms such as "Certificate of Authority," "electric transmission facility," and "transmission developer," and outlines the process for obtaining a Certificate of Authority from the Oklahoma Corporation Commission. It specifies that no electric transmission facility can commence without this certificate and mandates that applications include detailed information about the proposed project, including routes, costs, and environmental impacts. Additionally, the bill requires public notice and meetings, insurance coverage, and a decommissioning plan for the facilities.

The bill also includes provisions for exemptions for existing electric transmission facilities and outlines the timeline for the Commission to issue a Certificate of Authority, stating that failure to do so within 200 days will result in automatic approval. The Commission is authorized to assess a filing fee for applications and is tasked with promulgating rules to implement these regulations. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.