The proposed bill establishes a comprehensive 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 essential components such as service territory descriptions, inspection procedures, vegetation management strategies, and protocols for de-energizing power lines to mitigate wildfire risks. While utilities can seek cost recovery for the implementation of these plans through rate cases, the approval of a plan does not guarantee automatic 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 establishes a four-year statute of limitations for actions against utilities for wildfire damages and clarifies how damages should be calculated based on property value. The legislation aims to enhance accountability and preparedness among electric utilities while providing a structured process for plan approval and cost recovery. The Public Service Commission is also tasked with creating necessary rules for the act's implementation, which will take effect immediately after legislative processes, except for Section 1, which will be effective on July 1, 2025.