SENATE FLOOR VERSION - SB335 SFLR Page 1 (Bold face denotes Committee Amendments) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 SENATE FLOOR VERSION February 13, 2025 SENATE BILL NO. 335 By: Green of the Senate and Archer of the House An Act relating to retail electric suppliers; prohibiting certain incentivization by suppliers to customers; providing for codification ; providing an effective date; and declaring an emergency . BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 801.10 of Title 17, unless there is created a duplication in numbering, reads as follows: No retail electric supplier, as defined in Section 158.22 of Title 17 of the Oklahoma Statutes, shall offer ratepayer -funded incentives, rebates, or inducements to its customers to promo te the switching of fuel sources from natural gas to elect ricity. SECTION 2. This act shall become effective July 1, 2025. SECTION 3. It being immediately necessary for the preservation of the public peace, health or safet y, an emergency is hereby SENATE FLOOR VERSION - SB335 SFLR Page 2 (Bold face denotes Committee Amendments) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 declared to exist, by reason whereof this act shall take effect and be in full force from and after its passage and approval. COMMITTEE REPORT BY: COMMITTEE ON BUSINESS AND INSURANCE February 13, 2025 - DO PASS