The proposed bill aims to enhance local and regional control over Idaho's energy infrastructure by establishing restrictions on ownership of electrical transmission facilities. Specifically, it introduces a new section, 61-338, to the Idaho Code, which prohibits any entity established or primarily governed by another state from acquiring or operating ownership interests in Idaho's electrical transmission facilities, including transmission lines and substations. The bill emphasizes the importance of maintaining Idaho's energy independence and ensures that only local entities can control critical energy infrastructure.

Additionally, the bill clarifies that the restrictions do not apply to private entities, investor-owned utilities, cooperative utilities, or independent transmission developers that are not controlled by another state government. It also allows Idaho-based utilities to enter into contracts with out-of-state entities for energy transmission services. The Idaho Public Utilities Commission is granted the authority to review ownership compliance, and any violating entity must divest its interest in Idaho energy infrastructure within a specified timeframe, not exceeding two years from the effective date of the law. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.