Bill > LB1186

This bill, titled the Affordable American Energy and Jobs Act, aims to redefine what constitutes "affordable American energy" to include battery energy storage systems, alongside existing sources like wind, solar, biomass, geothermal, and hydropower. It also modifies how revenue from the nameplate capacity tax, a tax on the maximum power output of energy generation facilities, is distributed. Specifically, counties that adopt a list of "best practices" for siting these energy projects, developed by the Department of Water, Energy, and Environment in consultation with various stakeholders, will receive a 150% bonus on their share of the tax revenue. This bonus revenue is then split, with half going to the county for property tax relief and the other half distributed to electric utilities to reduce customer bills through energy efficiency programs. The bill also clarifies that privately developed affordable American energy projects cannot be taken by eminent domain by public power entities and establishes a cash fund for educational purposes related to the act.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=63647