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LB91 would remove statutory language that could let municipalities reclaim electric systems at no cost, sponsor says
Summary
Senator Barry DeKay said LB91 would remove language from state law that could require public power districts to surrender electric distribution systems back to municipalities at no cost and would clarify that municipalities must pay fair and reasonable value when reacquiring previously transferred infrastructure.
Senator Barry DeKay, representing District 40, told the Natural Resources Committee that LB91 would amend Neb. Rev. Stat. section 70‑6‑50.01 to remove two words that, as written, could allow a municipality to demand the return of an electric distribution system from a public power district without payment.
DeKay said the bill addresses a narrow set of circumstances in which a municipal system previously transferred its electric service area to a public power district, the district acquired and upgraded infrastructure (sometimes without debt), and later the municipality sought to reacquire that infrastructure. He described LB91 as reinforcing the existing process under section 70‑6‑50 — which requires payment of a sum that is…
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