Adds two new subsections to GS 62-110.1 to require electric public utilities to submit a grid utilization report for Utilities Commission (NCUC) approval as part of the biennial integrated resource plan. Requires that the report include (1) an assessment of current system performance compared to optimal use of electrical grid assets, (2) an analysis on the potential to increase grid utilization, (3) a projected timeframe for implementing plans to increase grid utilization, and (4) any other information requested by NCUC. Directs NCUC to issue a final order on the grid utilization report including any targets, timeframes, or other guidance necessary for an electric public utility to improve grid utilization performance.

Requires electric public utilities to submit specified electric grid utilization metrics to be used in the development of the grid utilization report to NCUC by November 1, 2026.

Directs NCUC to issue a final order on these proposed metrics within 240 days of filing, including a determination of how such metrics may inform the NCUC’s consideration of future utility requests for approval of cost recovery for capital investments.

Appropriates $10,000 for 2026-27 from the General Fund to NCUC to implement this act, effective July 1, 2026.