Nebraska Passes Legislation Governing Wind Leases
The Nebraska legislature recently passed a bill amending existing state law governing wind easements, wind options, or wind leases or lease options entered into in the state for the purpose of wind energy development. Substantive terms of the legislation include a limitation on the initial term of the agreement of not more than 40 years, and an automatic termination of the agreement if development of a wind energy facility has not commenced within ten years (although this may be extended by the parties).
For more information, please contact my colleague Kevin Prohaska.
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