Corporation Commission; directing Commission to promulgate certain rules relating to affordable and reliable electricity; providing for coordination with certain utilities and organizations. Effective date.

SB 1003, if passed, would require Oklahoma's Corporation Commission to set rules ensuring the state's electricity grid is both affordable and reliable. It mandates that the grid maintain at least 115% of peak electricity demand capacity (accounting for wind/solar variability), prohibits retiring existing power plants without proof of equivalent capacity, and requires wind/solar projects to include "firming power" (backup power for 48 hours during peak demand) in cost calculations. The bill directly affects utilities, the Corporation Commission, and ratepayers by setting specific grid reliability standards and cost-review processes. The bill failed in committee on February 20, 2025, and is not currently law.