This bill establishes a new section in the Oklahoma Statutes, specifically Section 180.14 of Title 17, which defines key terms related to electric transmission lines and outlines a payment requirement for transmission owners. The bill defines "electric transmission line" as a high-voltage line exceeding 300 kilovolts and identifies "transmission owner" as any entity involved in the development, ownership, operation, control, management, or maintenance of such lines within the state.

Under the provisions of the bill, transmission owners are mandated to pay $2.00 per linear foot per year for any transmission line that crosses a landowner's property. The bill is set to take effect on November 1, 2026.