Energy impact on Wyoming economy-study.

Plain English Breakdown

The bill summary and text do not provide details on how the study's findings will be used after submission.

Study on Energy's Impact on Wyoming Economy

This law requires the Wyoming Energy Authority to study how energy production affects the state’s economy and submit a report by October 1, 2025.

What This Bill Does

• Requires the Wyoming Energy Authority to complete a study about the economic impact of energy production in Wyoming.
• Includes information on taxes paid by energy producers for each of the last ten years, number of employees hired over the past ten years, payroll amounts from the last five years, and other benefits from the last five years.
• Allows the authority to ask for help from state agencies and higher education institutions.
• Requires the Wyoming Energy Authority to submit a report about the study's findings to specific committees.

Who It Names or Affects

• The Wyoming Energy Authority
• State agencies and higher education institutions in Wyoming

Terms To Know

Economic impact

How energy production affects the economy of Wyoming, including jobs, taxes, and other benefits.

Limits and Unknowns

• The bill does not specify what will happen if state agencies and institutions do not provide requested assistance.
• It is unclear how the study's findings will be used after submission to committees.

Official Summary Text

Bill Summary - 25LSO-0637

Bill No.:

SF0138

Effective:

Immediately

LSO No.:

25LSO-0637

Enrolled Act No.:

SEA No. 0043

Chapter No.:

74

Prime Sponsor:

Dockstader

Catch Title:

Energy impact on Wyoming economy-study.

Has Report:

Yes

Subject:

Requiring a study on the economic impact of Wyoming's energy industry.

Summary/Major Elements:

This act requires the Wyoming Energy Authority to complete a study on the economic impact of energy and the energy industry in Wyoming.

The study must include, among other things, a determination of the economic impact of energy production in Wyoming, the amount of state and local taxes that Wyoming's energy producers and generators contribute annually, the number of employees in Wyoming that energy producers and generators have employed, a measure of the amount of annual payroll from Wyoming's energy industry, and other economic benefits that Wyoming's energy industry has provided.

The act authorizes the Wyoming Energy Authority to request the assistance of any state agency and higher-education institution in Wyoming in completing the study; upon receiving a request, the agency or institution must provide support and information for the study.

The Wyoming Energy Authority must submit a report of the study to the Joint Appropriations Committee, the Joint Revenue Interim Committee, and the Joint Minerals, Business, and Economic Development Interim Committee.

Comments:

This act requires a report of the study on Wyoming's energy industry.

The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent.

While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.

Current Bill Text

25LSO-0637

ORIGINAL Senate

File No
.
SF0138

ENROLLED ACT NO. 43,

SENATE

SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
2025 General Session

AN ACT relating to energy; requiring the Wyoming energy authority to complete a study on the economic impacts of the energy industry in Wyoming; specifying requirements of the study; authorizing and requiring assistance from state agencies and higher education institutions; requiring reports; specifying deadlines; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

(a)

Not later than October 1, 2025, the Wyoming energy authority shall complete a study on the economic impact of energy and the energy industry in Wyoming. The study shall include, at a minimum:

(i)

General information on the various types of mineral production and energy production and generation that take place throughout the state;

(ii)

A determination of the economic impact of energy production in Wyoming, by:

(A)

Each major region in Wyoming and the state as a whole;

(B)

Each individual type of energy or mineral production.

(iii)

The amount of state and local taxes that Wyoming's energy producers and generators contribute on an annual basis for each of the last ten (10) years;

(iv)

The number of employees in Wyoming that Wyoming's energy producers and generators have employed in the state in each of the last ten (10) years;

(v)

A measure of the amount in payroll that Wyoming's energy producers and generators have paid out to Wyoming employees and residents in each of the last five (5) years;

(vi)

A measure of other tangible and intangible economic benefits and impacts that energy production and the energy industry has had on Wyoming in the last five (5) years;

(vii)

A brief description of innovations in energy that Wyoming producers and generators have developed in the last ten (10) years;

(viii)

Any other information that the Wyoming energy authority deems necessary to quantify the impact of energy on Wyoming's economy.

(b)

The Wyoming energy authority may request the assistance of any state agency and any higher education institution in Wyoming in completing the study required by this section. Upon receiving a request for assistance, each state agency and institution of higher education shall provide support and information to the Wyoming energy authority.

(c)

Not later than October 1, 2025, the Wyoming energy authority shall submit a report of the study to the joint appropriations committee, the joint revenue interim committee and the joint minerals, business and economic development interim committee.

Section 2
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

1