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HB 1301 requires large data centers (those with 20+ megawatts peak demand) in South Dakota to pay the full cost of electricity infrastructure upgrades they necessitate, including decommissioning expenses, and prohibits shifting these costs to other utility customers. Key provisions include mandating that data centers submit annual reports detailing their energy use, infrastructure needs, and renewable energy commitments, and requiring electric utilities to publish annual reports on large data center load forecasts and associated costs. The bill effectively imposes a moratorium on new large data center projects until these reporting and cost-sharing requirements are met. It directly affects large data center operators and electric utilities, ensuring they bear their own infrastructure and decommissioning costs without burdening other retail customers.