This bill defines specific types of small-scale electricity generators as exempt from the requirement to obtain a state Certificate of Public Convenience and Necessity. It directly affects owners of facilities that build backup power systems for critical infrastructure, such as hospitals and data centers, as well as those installing small solar arrays. The legislation allows these projects to proceed without the usual regulatory approvals if they produce no more than 14 megawatts of power and include safety features that prevent electricity from flowing back into the main grid during outages. Additionally, the law adjusts how income tax revenue is calculated for corporations operating certain data centers.