House Bill No. 2992, known as the "Data Center Customer Protection Act of 2026," aims to establish protections for residential, commercial, and industrial customers against unjust electric rates resulting from service to large load customers, such as new data centers and cryptocurrency mining operations. The bill defines key terms, including "large load customer" and "electric supplier," and mandates that applicable governing bodies ensure fair rate allocation based on cost causation principles. It requires electric suppliers to maintain separate terms, conditions, and tariffs for large load customers, which must include provisions for credit requirements and cost reimbursement.

The legislation stipulates that the term of service for large load customers must be a minimum of ten years and applies to all electric suppliers in the state, including investor-owned utilities and cooperatives. The Corporation Commission is authorized to promulgate rules to enforce the act, which will take effect on July 1, 2026, following its passage and approval. An emergency clause is included to ensure the act's immediate implementation for the public's safety and welfare.