According to a press release from Comic Book Resources, here's the official plot of the new series:

Following the time-traveling historic epic of Excellent Adventure and the turbulent life and death of Bogus Journey, Bill and Ted must now fulfill their destiny as the inspiration for galactic harmony! How can someone hate the Wyld Stallyns as much as the evil Chuck De Nomolos? With the power of time travel, Bill and Ted set their sights on turning a young 27th-century Nomolos' non-non-heinous attitude into something most outstanding and metal! Featuring a main story by Brian Lynch (Angel, the upcoming Minions movie) and Jerry Gaylord (Loki: Ragnarok and Roll), and a backup story by Ryan North (Adventure Time) and Ian McGinty (Bravest Warriors).

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And here are a couple of covers for issue #1. The first is by Felipe Smith:

And the second cover is by Goni Montes:

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This news is most excellent.