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 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 economic development within the state by ensuring that these consumers have reliable access to the necessary energy resources.