SB 1319 creates a dedicated "Corporation Commission Plugging Fund" to address environmental and safety issues from oil and gas operations. The fund must maintain $5 million, with additional taxes collected if it falls below this level until replenished (effective until July 2031). It establishes a new program allowing homeowners contaminated by brine or oil from *abandoned wells* (as defined by law) to apply for financial assistance from the fund without needing prior insurance claims. The Corporation Commission will determine assistance amounts and create rules to manage applications and verify contamination sources.
HB 1370 establishes a "Corporation Commission Plugging Fund" to address seeping natural gas and environmental safety issues related to oil and gas operations. The bill requires the fund to maintain $5 million, and if it falls below this level, an additional excise tax on oil and gas will be imposed until replenished. It specifies that 10.526% of oil excise tax revenue and 10.5555% of natural gas excise tax revenue must be allocated to this fund, with the remaining portions going to the General Revenue Fund and the Interstate Oil Compact Fund. The bill extends the fund's sunset date from 2026 to 2031, ensuring continued funding for these environmental response efforts.
This bill changes Oklahoma's requirements for oil and gas operators to provide financial guarantees (surety) for well plugging and environmental compliance. It phases out "Category A" surety (based on $50,000 net worth) for new operators starting November 2025, while current operators may keep it but can voluntarily switch to "Category B" surety (like letters of credit or bonds). Category B amounts scale with the number of wells operated, starting at $25,000 for 1-10 wells (rising to $50,000 by 2028) and higher for larger operations, with a maximum of $150,000. Operators with fines or poor compliance records must use Category B, and the Commission can require higher amounts based on performance.
SB 92 establishes a Water and Wastewater Infrastructure Investment Program to provide competitive loans for water and wastewater projects to eligible entities like municipalities and rural water systems. The program allocates 50% of funds to projects in communities with populations under 30,000, 25% to those between 30,000-400,000, and 25% to larger communities, with loans requiring repayment if projects aren’t completed (clawback provision). It creates a revolving fund in the state treasury, replenished by loan repayments and interest, to support infrastructure improvements. The bill takes effect July 1, 2025, with emergency status.
HB 1205 repeals Oklahoma's tax credit for small wind turbine installations by removing Section 2357.32B from the state's tax code. This change directly affects small wind turbine owners and installers who previously qualified for the credit. The repeal takes effect on November 1, 2025, eliminating the tax incentive for new installations after that date. The bill is procedural and does not create new policy, only removing an existing tax provision.
HB 2037 removes specific energy conservation rules from Oklahoma law by repealing Sections 456, 457, and 458 of Title 19 O.S. 2021 and Section 5-131.2 of Title 70 O.S. 2021. This bill eliminates existing statutory requirements related to energy conservation without creating new provisions. It takes effect on November 1, 2025, after being approved by the governor on May 9, 2025. The repeal directly affects the legal framework governing energy conservation in Oklahoma, removing these specific sections from the state code.
HB 2043 requires Oklahoma state agencies to verify that companies receiving contracts worth $100,000+ (with 10+ full-time employees) do not boycott energy companies. It mandates written verification from contractors that they will not boycott energy providers during the contract term. The law excludes contracts related to debt management or if alternative services aren't available from non-boycotting companies. This policy directly affects state agencies and qualifying businesses entering major public contracts.
SB 469 modifies eligibility requirements for Oklahoma's Emission Reduction Technology Rebate Program, which provides up to 25% rebates for businesses implementing qualifying emission-reduction projects within the state. The bill clarifies submission deadlines (requiring documentation within six months after fiscal year-end completion) and adds a preliminary review process for applications before project funding is spent. It also specifies that applicants must have filed all required Oklahoma tax returns and maintain $1 million general liability insurance with workers' compensation coverage. The changes apply to businesses seeking rebates administered by the Department of Environmental Quality and Oklahoma Tax Commission, using funds from dedicated revolving funds. The bill takes effect July 1, 2025.
SB 352 prohibits utility companies from using eminent domain to build wind turbines, solar facilities, battery storage, or hydrogen gas facilities on private property. It also requires electricity providers to obtain a Corporation Commission certificate before using eminent domain for high-voltage transmission lines (over 300 kV). The bill directly affects utility companies seeking to expand infrastructure and private property owners whose land might be targeted for such projects. These changes amend Oklahoma’s eminent domain law (27 O.S. §7) to restrict certain facility siting and add oversight for major transmission projects. The bill was introduced in the 2025 Oklahoma Legislature and referred to the Energy and Natural Resources Oversight committee.
SB 568 requires Oklahoma state agencies and their investment managers to vote shares solely based on financial returns for pension beneficiaries, not social or environmental considerations. It prohibits following proxy adviser recommendations unless those advisers commit in writing to prioritize financial interests. Agencies must annually report all proxy votes - including management and adviser recommendations - to the State Treasurer via a public website. This applies to all state investments held for retirement plans, such as pension funds.
