The bill authorizes large-scale industrial power users in Wyoming to procure electricity from any person or utility, bypassing certain regulatory requirements. It defines a "large-scale industrial power user" as an electric customer with an annual demand of at least one megawatt hour and outlines specific conditions for electricity procurement. Notably, the bill exempts these users from rate regulation and service territory requirements, allowing them to enter agreements for electricity provision without needing a certificate of convenience and necessity. The bill also mandates that the electricity must be consumed on-site and solely for commercial or industrial purposes.

Additionally, the bill amends existing laws to clarify that the new provisions do not apply to public utilities and cooperative electric utilities when providing service to large-scale industrial power users. It includes several insertions to existing statutes, such as specifying that the requirements for certificates of convenience and necessity do not apply to those providing electric service under the new section. The public service commission is tasked with creating necessary rules for implementation, with the act set to take effect on July 1, 2025, except for certain sections that become effective immediately upon the bill's passage.