This bill amends various sections of the Nebraska Revised Statutes to expand the eminent domain powers related to electrical energy storage property and to establish regulations under the Electric Cooperative Corporation Act. It allows districts to acquire property for the generation, transmission, storage, or distribution of electrical energy and introduces definitions for terms such as "associated energy storage resource" and "energy storage resource." The bill also requires electric suppliers to provide written notice to the Nebraska Power Review Board when constructing or acquiring facilities near military installations and ensures that no foreign adversary electronic-related equipment is utilized.

Furthermore, the bill imposes new requirements on private electric suppliers, mandating them to file applications with the board before beginning construction or acquisition of energy storage resources. These applications must include a power purchase agreement with a Nebraska public power entity, written consent from relevant electric suppliers, and a joint transmission development agreement with the consumer-owned electric supplier. The legislation clarifies that private electric suppliers cannot sell retail electricity, own distribution facilities, or exercise eminent domain in Nebraska. It also establishes a process for notifying the board about the termination of construction or acquisition of approved facilities and emphasizes compliance with the new provisions, including penalties for violations. Overall, the bill aims to enhance regulatory oversight and coordination among electric suppliers in Nebraska regarding energy storage development.

Statutes affected:
Introduced: 70-670, 70-704, 70-1001.01, 70-1012, 70-1012.01, 70-1015