Governor Mark Gordon signs blockchain bill

Wednesday, April 03, 2019

The Special Electric Utility Agreements statute (HB 113) has been signed into
law by Wyoming Governor Mark Gordon. The bill, initiated by Black Hills Energy and sponsored by Representative Dan Zwonitzer and the legislature’s blockchain task force, is an innovative solution that provides enhanced opportunities to customize rate structures for customers requiring large amounts of power while protecting current customers from
possible negative cost impacts. The legislation is in response to inquiries from blockchain and cryptocurrency mining companies interested in doing business in Wyoming. It also applies to other industries requiring more than five megawatts of power.

“The energy requirements of large use customers such as data centers and cryptocurrency companies are significant and our existing service offerings have not been sufficient to support this exciting new area of business growth,” said Shirley Welte, Black Hills Energy’s vice president of electric and gas operations for Wyoming. “The Special Electric Utility Agreements statute enhances our ability to work with regulators to attract new large electric loads to Cheyenne, while providing additional protections for our existing customers.”

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