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This bill expands the Utah Energy Council from five to seven members, shifts its leadership to a co-chair structure, and designates it as a state energy financing institution — a status that opens access to certain federal energy loan programs. More significantly, the bill creates a new government entity called the Utah Energy Infrastructure Service District, which the council may establish by resolution. This district, governed by the same people who sit on the council, can acquire, own, and operate power generation, transmission, and storage facilities within a designated geographic area; contract with private companies to run those facilities; and issue revenue bonds — a form of government borrowing — to finance construction or acquisition of energy infrastructure, with those bonds paid back through district revenues rather than state taxes and not counting against the state's constitutional debt limit. The district's property is exempt from property taxes, though private operators using district facilities must pay a privilege tax, and the district itself may levy a small privilege tax for its own operations.