HR1001

To Extend The First Extraordinary Session To Consider Legislation To Amend The Arkansas Data Centers Act Of 2023, Including Establishing Sound Standards And Requiring Demand-response Agreements.

Failed

Last Action (Sept. 14, 2023): Died in the House at Sine Die Adjournment

AI-Generated Summary

House Resolution 1001 is a procedural measure that extends the First Extraordinary Session of the 94th Arkansas General Assembly by up to 15 days. The extension is authorized under Article 6, Section 19 of the Arkansas Constitution, which allows the legislature to remain in session beyond the business specified in the Governor's proclamation if a two-thirds majority of both houses approves. The primary purpose for this extension is to consider amendments to the Arkansas Data Centers Act of 2023. Specifically, the resolution aims to establish regulatory standards for digital asset mining businesses. It also intends to introduce requirements for demand-response agreements between these digital asset mining operations and public utilities.

Potential Impact Analysis

Who Might Benefit?

The primary beneficiaries include public utility providers, who may gain more predictability and grid stability through the mandated demand-response agreements, and the general public, who may see reduced potential for energy grid strain caused by high-power-demand mining facilities. Additionally, the state government and its constituents benefit from a more regulated framework governing digital asset mining operations, ensuring these businesses meet specific operational standards.

Who Might Suffer?

The primary groups negatively impacted are operators of digital asset mining businesses, who will face new, stricter regulatory compliance standards and potential operational constraints under the proposed demand-response agreements. These requirements could increase their costs of doing business or limit their flexibility in energy usage compared to the existing regulatory environment.

Read Full Bill on arkleg.state.ar.us