The bill establishes a Select Committee on Energy Resource Planning and Acquisition, outlining its membership, duties, and responsibilities. The committee is tasked with evaluating and recommending strategies for energy resource planning and acquisition to ensure efficient and sustainable energy use.

Additionally, the bill includes provisions for an appropriation to support the committee's activities, as well as specific reporting requirements to ensure transparency and accountability in its operations. The legislation also specifies effective dates for its implementation and sets a termination date for the committee's activities.