This bill establishes new regulations for the construction and management of electric transmission facilities in Oklahoma, specifically under the authority of the Corporation Commission. It mandates that any retail electric supplier or rural electric cooperative planning to extend, rebuild, or upgrade existing transmission facilities must identify energy resources connected to these facilities, solicit competitive bids for construction, and have the bidding process overseen by an independent evaluator appointed by the Commission. The evaluator will assess various factors, including construction and operational costs, reliability, and decommissioning.

Additionally, the bill clarifies that it does not override existing rights of current electric transmission owners or eliminate the requirement for transmission developers to obtain a Certificate of Authority. It also exempts electric cooperatives that are not members of the Southwest Power Pool from the provisions of this section, allowing them to construct and maintain local transmission facilities without adhering to the new regulations. The act is set to take effect on November 1, 2025.