Signed by Governor Jim Pillen

Vote Smart's Synopsis:

Vote to pass a bill that authorizes public power suppliers to impose requirements on cryptocurrency mining operations for the costs of certain infrastructure upgrades, and establish an operative date for the provisions in Nebraska.

Highlights:

• Authorizes public power suppliers to impose requirements on cryptocurrency mining operations for the costs of certain infrastructure upgrades, and establishes an operative date for the provisions in Nebraska (Sec. 1).

• Establishes requirements for cryptocurrency mining operations (Sec. 1).

• Requires payment or a letter of credit covering costs associated with potential infrastructure upgrades (Sec. 1).

• Requires utilities to impose terms and conditions on these operations, such as requiring them to shut down during times of peak electrical demand and requiring that mining operations report annually on their energy consumption (Sec. 1).

• Specifies that the provisions of this bill shall take effect October 1, 2025 (Sec. 2).

Full Bill Text