How about putting back some of the excess profits from the monopoly that were taken every year till now?
They don't "regulate the creation" of a monopoly for something like power - it's the definition of "natural monopoly". They regulate it so hard because capitalism DOES NOT WORK for this. Texas still tries it, and we're all seeing how well their underfunded, poorly maintained utilities blow up the second you get a slight perturbance in the natural order (ooops - hope joe blow likes his 16k power bill this month!)
Also - Even if you were to buy true off-grid solar and completely avoid the grid for your home, there is literally no way you are not taking advantage of power provided by the power companies. It's in your street lights, your cell towers, your stores, your gas stations, your schools/libraries/gov buildings. It's running the pumps for your sewers, the traffic lights for your roads, the signage at your DMV. It's EVERYWHERE - And you are using it.
So do I think this particular legislation is the right way to solve it? No - probably not. But I'm not an angry child who's unable to hold a real conversation around how we structure society.
There is a reason for governments to exist beyond writing and regulating the creation of monopolies for private citizens to get rich. The costs to amortize the initial construction can't just be waved away because they paid all the money out in dividends and executive bonuses. These companies raked in money in bucketloads, agressively wrote down the construction costs and still had money left over to pay fat dividends.