SB 131

This bill establishes a regulatory framework for replacing retiring coal-fired power plants in Oklahoma, with a preference for nuclear or natural gas facilities. It requires electric utilities to notify the Corporation Commission before retiring any coal-fired plant and submit a cost study of replacement options, prioritizing advanced nuclear reactors or natural gas facilities as replacements unless they can justify an alternative choice. The bill authorizes entities to construct nuclear power plants in the state, provided they comply with federal Nuclear Regulatory Commission requirements and obtain approval from the Oklahoma Department of Environmental Quality, and mandates that any new nuclear facility must include on-site or nearby storage capacity for spent fuel within the same zip code area.