Vote Smart's Synopsis:

Vote to override the Governor's veto and pass a bill that repeals North Carolina's interim 2030 carbon-reduction mandate.

Highlights:

• Repeals North Carolina's interim 2030 carbon-reduction mandate for certain electric public utilities (Sec. 1-6).

• Authorizes an alternative cost recovery mechanism for the financing costs of construction work in progress for baseload electric generating facilities (Sec. 1-6).

• Amends and modifies the statutes governing cost recovery for fuel-related charges and performance-based ratemaking (Sec. 1-6).

• Specifies and codifies a provision authorizing securitization of costs for retirement of coal-fired generating units (Sec. 1-6).

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 7).

Full Bill Text

Vote Smart's Synopsis:

Vote to override the Governor's veto and pass a bill that repeals North Carolina's interim 2030 carbon-reduction mandate.

Highlights:

• Repeals North Carolina's interim 2030 carbon-reduction mandate for certain electric public utilities (Sec. 1-6).

• Authorizes an alternative cost recovery mechanism for the financing costs of construction work in progress for baseload electric generating facilities (Sec. 1-6).

• Amends and modifies the statutes governing cost recovery for fuel-related charges and performance-based ratemaking (Sec. 1-6).

• Specifies and codifies a provision authorizing securitization of costs for retirement of coal-fired generating units (Sec. 1-6).

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 7).

Full Bill Text

Vetoed by Governor Josh Stein

Vote Smart's Synopsis:

Vote to override the Governor's veto and pass a bill that repeals North Carolina's interim 2030 carbon-reduction mandate.

Highlights:

• Repeals North Carolina's interim 2030 carbon-reduction mandate for certain electric public utilities (Sec. 1-6).

• Authorizes an alternative cost recovery mechanism for the financing costs of construction work in progress for baseload electric generating facilities (Sec. 1-6).

• Amends and modifies the statutes governing cost recovery for fuel-related charges and performance-based ratemaking (Sec. 1-6).

• Specifies and codifies a provision authorizing securitization of costs for retirement of coal-fired generating units (Sec. 1-6).

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 7).

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that repeals North Carolina's interim 2030 carbon-reduction mandate.

Highlights:

• Repeals North Carolina's interim 2030 carbon-reduction mandate for certain electric public utilities (Sec. 1-6).

• Authorizes an alternative cost recovery mechanism for the financing costs of construction work in progress for baseload electric generating facilities (Sec. 1-6).

• Amends and modifies the statutes governing cost recovery for fuel-related charges and performance-based ratemaking (Sec. 1-6).

• Specifies and codifies a provision authorizing securitization of costs for retirement of coal-fired generating units (Sec. 1-6).

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 7).

Full Bill Text