Bill > SB335

This bill prohibits rate-regulated retail electric suppliers in Oklahoma from offering ratepayer-funded incentives, rebates, or inducements to customers specifically aimed at promoting fuel source switching from natural gas to electricity. A rate-regulated retail electric supplier is a type of utility company whose prices are overseen and approved by a regulatory agency, typically to ensure fair pricing for consumers. The legislation will become effective on July 1, 2025, and is considered an emergency measure, which means it can take effect immediately upon passage and approval. The bill appears designed to prevent electric utility companies from using customer-funded programs to encourage customers to move away from natural gas-powered heating or appliances, potentially protecting the natural gas industry's market share or preserving existing energy infrastructure. By establishing this prohibition, the bill seeks to maintain the current energy landscape and prevent what might be seen as subsidized market manipulation by electric suppliers.

Agriculture and Natural Resources, Business and Industry, Transportation and Infrastructure

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb335&Session=2600