This bill proposes the removal of an incumbent electric utility's right of first refusal by repealing sections 69-5-201 and 69-5-202 of the Montana Code Annotated. The repealed sections include definitions related to the right of first refusal and the stipulation of that right itself.

Additionally, the bill establishes an immediate effective date upon passage and approval, ensuring that the changes take effect without delay. This legislative action aims to alter the current framework governing electric utilities in Montana, potentially fostering a more competitive environment in the energy sector.