UT HB0514

Creates the Utah Energy Infrastructure Service District as a political subdivision of the state, authorized to acquire, own, and operate energy infrastructure facilities including power plants, transmission lines, and storage facilities within designated service areas

Expands the Utah Energy Council from 5 to 7 members and establishes a co-chair leadership structure; council members automatically serve as the district's board of trustees

Authorizes the district to issue revenue bonds payable solely from district revenues (not subject to state constitutional debt limits), with State Finance Review Commission approval required before issuance

Exempts district property from taxation while subjecting private operators of district-owned facilities to privilege tax; district may levy a privilege tax up to 0.0023 for operations and maintenance

Operating contracts with private operators limited to 40-year terms, and the district is prohibited from selling electricity directly to retail customers or operating within certificated service territories of existing electric providers