NE LB1261

Prohibits Nebraska consumer-owned utilities from using eminent domain to acquire privately owned electric generation facilities built to serve industrial customers with projected loads exceeding 1,000 megawatts at a single site

Requires the private generation facility to be co-located with or adjacent to the industrial customer, share an equivalent grid interconnection point, and receive Nebraska Power Review Board approval

Mandates long-term contractual agreements (power purchase agreements, leases, or joint ventures) between private suppliers and consumer-owned utilities that preserve exclusive retail service rights, provide commercial benefits, and prohibit electricity resale by the industrial customer

Requires industrial customers to pay all costs, fees, congestion charges, and electric system upgrade costs incurred by consumer-owned utilities as a result of their project

Applies only to contracts for new industrial loads entered into with consumer-owned utilities on or before December 31, 2031