Requires utility companies with more than twenty-five percent foreign ownership to divest by December 31, 2041

HB 3232 requires utility companies in the state with more than 25% foreign ownership to either sell that foreign stake or stop operating within the state by December 31, 2041. It directly affects large utility providers with significant foreign investment. The law mandates divestment or exit by the 2041 deadline, with the Attorney General authorized to enforce compliance. This is a substantive policy change altering ownership requirements for foreign-controlled utilities.