Change provisions relating to the setting of rates by certain power districts

LB 413 amends Nebraska law governing how public power, irrigation, and combined power/irrigation districts set rates for electricity and water services. It requires districts to establish fair, reasonable rates that distribute operational benefits equitably among users. Key changes include limiting negotiated rates for large commercial/industrial customers (over 500 kW) to five years and mandating that such rates cover the actual cost of producing the electricity if tied to qualifying economic development projects. This directly affects power districts and their commercial/industrial customers with significant electrical loads.