Bill > HB0249

This bill creates a comprehensive framework for energy development in Utah by establishing several key entities and mechanisms. It creates the Utah Energy Council, which will facilitate the development of electrical energy generation and transmission projects, including power plants, transmission lines, and energy storage facilities. The bill also establishes the Nuclear Energy Consortium, a group of experts who will advise the state on nuclear energy development, and creates an Electrical Energy Development Investment Fund, which will be financed through a property tax differential mechanism in designated electrical energy development zones. The fund can be used to support energy infrastructure development, provide matching funds for federal grants, support workforce development programs, and provide incentives for electrical energy projects. Additionally, the bill modifies existing energy research structures, including renaming and expanding the roles of the Utah Energy Research Board and the Utah San Rafael Energy Lab. Counties and municipalities can apply to create electrical energy development zones, and a portion of the property tax differential generated in these zones will be required to be used for affordable housing and impact mitigation. The bill is designed to strategically advance Utah's energy infrastructure, with a focus on baseload electrical energy generation, nuclear energy potential, and coordinated development of energy resources.

Business and Industry, Transportation and Infrastructure

https://le.utah.gov/~2025/bills/static/HB0249.html