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Under Utah law, certain public energy infrastructure — like power plants — can be jointly owned and managed by groups of cities or other public entities, known as "project entities." This bill creates a new state-appointed governing board to oversee these project entities, replacing any boards those entities may have previously established themselves through contracts or agreements, which are dissolved when the bill takes effect. The new five-member board includes the director of the Office of Energy Development and four members appointed by the governor, Senate president, and House speaker, and is responsible for budgets, long-term planning, contracts, and facilitating the transfer of decommissioned energy assets to the state. Municipalities that currently co-own public energy infrastructure through these joint arrangements would see control over that infrastructure shift to a board appointed by state leaders rather than one they created themselves.