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Under Utah law, public energy infrastructure such as power plants can be jointly owned and managed by groups of cities or other public entities through arrangements known as "project entities." This bill would create a new five-member governing board for such project entities, made up of the director of the Office of Energy Development and four members appointed by the governor, the Senate president, and the House speaker, each serving staggered four-year terms. This state-appointed board would take over responsibilities for budgets, contracts, long-term planning, and facilitating the transfer of decommissioned energy assets to the state, while being barred from interfering with facilities still in active service or altering existing financial obligations; any governing board a project entity previously created on its own through contract or interlocal agreement would be dissolved when the bill takes effect. The board would also be required to report annually to a legislative committee on its activities and progress toward transferring assets to the state.