This bill allows political subdivisions in Nebraska that own and operate natural gas systems to enter into contracts with industrial users of natural gas. Specifically, it targets industrial consumers 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 facility's location must fall within the service area of the political subdivision's natural gas distribution system.

The bill establishes clear requirements for these contracts, ensuring that they are only available to significant industrial consumers and that they do not overlap with existing service agreements from other gas systems. This legislative change aims to facilitate the sale of natural gas to large industrial users, potentially enhancing local economic development and energy management within the state.