This bill allows political subdivisions that own and operate natural gas systems in Nebraska 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 facility's location must fall within the service area of the political subdivision's natural gas distribution system.

The bill introduces new legal language that outlines the conditions under which these contracts can be made, emphasizing the requirements for both the political subdivisions and the industrial consumers. This legislative change aims to facilitate the sale of natural gas to large industrial users, potentially enhancing the economic development of the state by ensuring a reliable supply of natural gas to significant consumers.