(a) Except as provided in subsection (c), if an electric utility is governed by a utility board on May 1, 2026, then the utility must continue to be governed by a utility board.
(b) Except as provided in subsection (c), the governance of an electric utility described in this section must not be changed from a utility board to the governing body of the municipality on or after May 1, 2026.
(c) An electric utility may become an energy authority or utility authority pursuant to the Municipal Energy Authority Act, compiled in chapter 36 of this title, or a private act of the general assembly, as long as its utility board includes board members appointed consistent with this chapter.