The bill amends existing laws regarding public utilities in Wyoming, specifically addressing electric generation facilities fueled by natural gas. It introduces new requirements for the closure and sale of electricity from these facilities, ensuring that electric public utilities, excluding cooperative utilities, are obligated to purchase electricity generated from both coal-fired and natural gas facilities that are purchased under commission-approved agreements. The bill outlines conditions under which these purchases must occur, including the establishment of avoided cost prices by the commission and the stipulation that utilities must make good faith efforts to sell retiring facilities before they can recover costs associated with new generation facilities built to replace them.

Additionally, the bill mandates that the public service commission create rules necessary for its implementation and specifies that it will take effect on July 1, 2024. It also clarifies that existing agreements or contracts prior to the bill's effective date will not be affected by the new provisions. Overall, the legislation aims to facilitate the continued operation of natural gas and coal-fired electric generation facilities while ensuring compliance with regulatory requirements.

Statutes affected:
Introduced: 37-2-133, 37-3-117