Revise the meaning of the term "public utility"

This bill revises Montana's definition of "public utility" to create a new exemption for certain electric generation entities. Specifically, it exempts legally separate entities that supply power to customers with a monthly average load of 20 megawatts or more, provided they avoid affiliate transactions, maintain separate finances, and don't use utility assets to guarantee debt. The exemption directly affects large commercial power users and utilities seeking to operate generation facilities outside standard regulation. The bill also appropriates $15,000 for the Department of Commerce to analyze Montana's energy demand, requiring a report by September 2026.