The bill introduces the "Utilities Modernization Act of 2026," which aims to update and improve the regulatory framework for utilities in Oklahoma. It establishes a new section of law that is not intended to be codified in the Oklahoma Statutes, indicating that it serves as a standalone piece of legislation rather than an amendment to existing laws.

The act is set to take effect on November 1, 2026, marking a significant step towards modernizing utility regulations in the state. The bill does not include any specific insertions or deletions from current law, focusing instead on the creation of this new legislative framework.