The proposed bill establishes a framework for public utilities in Wyoming to create and implement wildfire mitigation plans, which must be submitted to the Public Service Commission for approval. These plans are required to include details such as service territories, inspection procedures, vegetation management, and strategies for de-energizing power lines to prevent wildfires. The bill allows utilities to seek cost recovery for implementing these plans, but emphasizes that approval of a plan does not guarantee cost recovery.

Additionally, the bill introduces liability limitations for electric utilities in civil actions related to wildfires, allowing plaintiffs to recover economic losses only if they can prove the utility's non-compliance with an approved plan or malice. It also establishes a four-year statute of limitations for wildfire damage claims against utilities. The legislation aims to improve wildfire preparedness and response while providing a structured process for utilities to manage wildfire risks. The Public Service Commission is tasked with creating necessary rules for implementation, and the act will take effect immediately after legislative processes, with Section 1 effective on July 1, 2025.