protect electric infrastructure in this state.

Added definitions for 'electric facility' and 'prohibited person' to establish the scope of entities and infrastructure covered by the restrictions.

Prohibits prohibited persons from controlling, operating, or owning electric facilities, with de minimis stock ownership explicitly excluded from this restriction.

Bans agreements granting prohibited persons control of electric facilities, making such agreements unenforceable if entered into on or after July 1, 2026.

Includes a savings clause stating that title to electric facilities is not invalidated solely due to the alienage of former operators or owners.

Gives the Public Utilities Commission authority to investigate violations and bring court actions for forfeiture or divestiture of prohibited interests.

Allows the commission to apply for appointment of a receiver in circuit court of Hughes County to manage enforcement actions.

Permits recovery of attorney fees and costs from prohibited persons or through sale of their interests in the electric facility.

Requires prohibited persons to divest interests within one year of acquisition and sets a three-year statute of limitations for enforcement actions.