Revise the meaning of the term "public utility"

HB 911 revises Montana's definition of "public utility" to exclude certain large commercial energy users. Specifically, it creates a new exemption for legally separate entities owned by utilities that supply electricity to customers with monthly average loads of 20+ megawatts, provided they operate separately from regulated utilities and don't impact regulated customer rates. The bill requires these entities to maintain separate financial accounts and prohibits using utility assets to guarantee their debt. It also appropriates $15,000 for energy demand analysis by the Department of Commerce, with a 2026 reporting deadline. The bill died in committee in May 2025 and was not enacted.