Corporation Commission; creating the Natural Gas Utility Infrastructure Cost Recovery Act of 2025; defining terms; effective date.

HB 1737, the "Natural Gas Utility Infrastructure Cost Recovery Act of 2025," allows natural gas utilities in Oklahoma to seek pre-approval from the Corporation Commission for infrastructure investments (like pipelines, renewable natural gas systems, or hydrogen projects) before building them. If the Commission determines the project serves the "public interest" (e.g., improving reliability or creating jobs), the utility can recover costs from customers. The Commission must review applications within 240 days, and costs exceeding 10% of approved amounts require later review. The bill also lets the Commission assess fees from utilities to cover staff/Attorney General costs for reviewing applications, with rules due by April 2026. It affects regulated natural gas utilities seeking to recover infrastructure costs.