South Dakota HB1049 protects electric infrastructure by restricting prohibited persons from controlling or owning electric facilities.

South Dakota HB1049 adds a new chapter to title 49, defining terms such as "electric facility" and "prohibited person." It prohibits prohibited persons from controlling, operating, or owning electric facilities. The Public Utilities Commission can investigate alleged violations, bring actions to enforce forfeiture or divestiture, and recover attorney fees and costs. Prohibited persons must divest any acquired interests within one year. Any agreements granting prohibited persons control of electric facilities are unenforceable.

South Dakota HB1049 protects electric infrastructure by restricting prohibited persons from controlling or owning electric facilities.

South Dakota HB1049 adds a new chapter to title 49, defining terms such as "electric facility" and "prohibited person." It prohibits prohibited persons from controlling, operating, or owning electric facilities. The Public Utilities Commission can investigate alleged violations, bring actions to enforce forfeiture or divestiture, and recover attorney fees and costs. Prohibited persons must divest any acquired interests within one year. Any agreements granting prohibited persons control of electric facilities are unenforceable.