summary
Introduced
04/02/2025
04/02/2025
In Committee
04/03/2025
04/03/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
AN ACT TO CONDUCT A STUDY FOR IMPROVEMENTS AND REFORM FOR FAIR COMPETITION IN NORTH CAROLINA'S ENERGY MARKET. Whereas, much of the electric service provided in North Carolina is currently provided by vertically integrated providers of electric distribution and transmission services; and Whereas, the State has adopted legislation, including Session Law 2007-397 and Session Law 2017-192, to diversify the resources used to reliably meet the energy needs of consumers and provide economic benefits to the State; and Whereas, the State has committed to reducing electric power sector greenhouse gas emissions by seventy percent (70%) below 2005 levels by 2030 and attaining carbon neutrality by 2050; and Whereas, electricity sector regulatory framework changes to the wholesale electricity market may require changes to State law as well as federal authorization; and Whereas, the South Carolina legislature authorized a study to be completed on November 18, 2021, to examine the benefits of various restructuring options for electricity markets associated with electricity generators, transmitters, and distributors in South Carolina; and Whereas, regional and interstate arrangements may require changes to laws in states other than North Carolina; Now, therefore,
AI Summary
This bill directs the North Carolina Public Utilities Commission to conduct a comprehensive study of the state's energy market, focusing on potential reforms and improvements to electricity distribution and transmission. The study will evaluate the costs and benefits of creating an energy imbalance market (a voluntary market for real-time energy dispatch across utility territories) or a regional transmission organization (an independent nonprofit that manages electricity transmission and generation) in North Carolina and the Southeastern United States. The research will examine multiple aspects including electricity generation capacity, customer service and rates, environmental impacts, carbon emissions, economic opportunities, and potential effects on vulnerable populations. The commission must hire an independent, neutral consultant with expertise in energy policy and utility regulation, and submit a detailed written report to the Joint Legislative Energy Policy Commission within one year of the act's enactment. The bill appropriates $350,000 in non-recurring funds for the 2025-2026 fiscal year to support this study, which aims to explore potential improvements to the current electricity market structure while considering broader regional and environmental goals, such as North Carolina's commitment to reducing greenhouse gas emissions by 70% below 2005 levels by 2030 and achieving carbon neutrality by 2050.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (7)
Maria Cervania (D)*,
Pricey Harrison (D)*,
Zack Hawkins (D)*,
Ben Moss (R)*,
Deb Butler (D),
Frances Jackson (D),
Bill Ward (R),
Last Action
Re-ref Com On Rules, Calendar, and Operations of the House (on 04/03/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2025/H745 |
| BillText | https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H745v1.pdf |
| BillText | https://www.ncleg.gov/Sessions/2025/Bills/House/PDF/H745v0.pdf |
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