The bill introduces the "Utilities Reform Act of 2026," which aims to address issues related to utilities in the state of Oklahoma. It establishes a new section of law that is not intended to be codified in the Oklahoma Statutes, thereby creating a distinct legal framework for utility reform.

Additionally, the bill specifies that it will take effect on November 1, 2026. This timeline allows for the necessary preparations and adjustments to be made in anticipation of the new regulations and reforms that will be implemented under this act.