This bill mandates the Corporation Commission to create rules that permit public utilities to implement usage-based rates when setting rate tariffs for different customer classes. It establishes a new section in the Oklahoma Statutes, specifically Section 265 of Title 17, and clarifies that this section serves as an amendment to Sections 18 through 34 of Article IX of the Oklahoma Constitution, as allowed by Section 35 of the same article.

The bill is set to take effect on November 1, 2026. This legislative action reflects the intent of the Oklahoma Legislature to modernize the rate-setting process for public utilities, potentially leading to more equitable pricing based on actual usage.