OK HB2992

"Large load customers" defined as new data centers, cryptocurrency mining operations, and AI computing facilities adding 75 megawatts or greater per facility after July 1, 2026

Electric suppliers must establish separate tariffs, terms, and conditions for large load customers, including credit requirements to ensure cost recovery if customers depart or reduce load

Residential, commercial, and industrial ratepayers must be protected from paying unjust rates resulting from electric service to large load customers, with costs allocated according to cost causation principles

Minimum service term of 10 years required for large load customers, with exceptions for public power utilities using tax-exempt municipal financing

Applies to all retail electric suppliers including investor-owned utilities, electric cooperatives, municipal utilities, and public power utilities; Oklahoma Corporation Commission granted exclusive enforcement jurisdiction and rulemaking authority