This bill amends section 70-655 of the Reissue Revised Statutes of Nebraska, which pertains to the authority of public power districts, public irrigation districts, and public power and irrigation districts in setting rates for services. The new provisions allow the board of directors to differentiate rates and charges based on various criteria, including load size, load factor, firm and nonfirm service, technology risks, and length of service commitment. This aims to ensure that rates are fair, reasonable, and nondiscriminatory while also reflecting the operational needs of the districts.

Additionally, the bill outlines the conditions under which the board may negotiate rates for commercial or industrial customers, specifying that such rates can be effective for up to five years and must not fall below the incremental production cost. It also addresses the ability of merged or consolidated districts to set different rates for consumers in the service areas of predecessor districts for a limited time, based on cost of service studies. The original section 70-655 is repealed as part of this legislative update.

Statutes affected:
Introduced: 70-655