This bill allows political subdivisions in Nebraska that own and operate natural gas systems to enter into contracts with industrial consumers of natural gas. Specifically, it targets industrial users whose facilities require a minimum of three billion British thermal units of natural gas per day on average. The contracts must have a minimum term of two years, excluding any renewable terms, and the industrial consumer must not be receiving natural gas from any investor-owned or governmentally-owned gas system at the time the contract is established.

Additionally, the bill stipulates that the location of the industrial consumer's facility must fall within the service area of the political subdivision's natural gas distribution system for the contract to be valid. This legislative change aims to facilitate direct sales of natural gas to large industrial users, potentially enhancing local economic development and energy management.