The bill authorizes large-scale industrial power users in Wyoming to procure electricity from any person or utility, thereby exempting them from certain rate regulations and service territory 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 requirements for electricity procurement. Notably, the bill stipulates that the electricity must be consumed on-site for commercial or industrial use and cannot be resold. Additionally, it requires that the person providing electricity file a notice with the commission, which will not charge a fee or require a hearing for the service to commence.

The bill also amends existing laws to clarify that the new provisions do not require public utilities to obtain a certificate of convenience and necessity for providing service to large-scale industrial power users. It includes several insertions that exempt certain entities from existing regulations, ensuring that they can provide electric service without the usual constraints tied to certificated service territories. 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 will be effective immediately upon the bill's passage.