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 prohibits any entity that is established, chartered, or primarily governed by another state or its agency from acquiring, holding, or operating ownership interests in Idaho's electrical transmission facilities, which include transmission lines, substations, and related infrastructure. The bill emphasizes the importance of maintaining Idaho's energy independence and allows the Idaho Public Utilities Commission to review ownership to ensure compliance.

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 permits Idaho-based utilities or businesses to enter into contracts for energy transmission services with out-of-state entities. Entities found in violation of these ownership restrictions will be required to divest their interests in Idaho energy infrastructure within a timeframe set by the commission, 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.