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Committee amendment would let utilities pass infrastructure costs to crypto miners; original bill sought electricity excise tax
Summary
A committee amendment to LB 526 would permit public power suppliers to pass infrastructure-upgrade costs to cryptocurrency mining operations; the bill as introduced would have imposed an excise tax on electricity used by those operations.
The report said a committee amendment to LB 526 would allow public power suppliers to pass the cost of infrastructure upgrades to cryptocurrency mining operations. The bill as introduced would have imposed an excise tax on the electricity used in these operations, but the amendment shifts the mechanism from a tax to a cost-pass-through to utilities.
Committee discussion examined the implications for ratepayers, utility infrastructure planning, and how costs would be allocated. The report did not include final votes or the amendment’s precise language.
