The bill clarifies the authority of cities and towns in Wyoming to construct electricity production facilities and outlines the conditions under which they can issue revenue bonds for these facilities. It specifies that cities and towns can issue and sell revenue bonds for creating, constructing, maintaining, expanding, or improving electrical systems, provided they operate these systems under an agreement with the relevant public utility. Additionally, the bill states that municipalities operating electricity production facilities under such agreements are not classified as public utilities.
Key amendments include the insertion of language that emphasizes the municipalities' powers to carry out their objectives without restriction, the ability to construct electricity generation facilities, and the specific conditions under which revenue bonds can be issued. The bill also clarifies that public utilities owned and operated by municipalities selling electricity at wholesale are exempt from certain provisions, and it defines "customer-generator" to exclude municipalities operating under these agreements. The act is set to take effect on July 1, 2025.
Statutes affected: Introduced: 15-1-702, 15-7-101, 15-7-111, 37-1-101, 37-16-101