ROCKY MOUNT/LIMIT ELECTRIC POWER REVENUE USES.

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View NCGA Bill Details2025-2026 Session
Senate Bill 1076 (Local) Filed Tuesday, May 5, 2026
AN ACT TO PROHIBIT THE CITY OF ROCKY MOUNT FROM TRANSFERRING THE REVENUES OF ITS ELECTRIC SYSTEM TO OTHER MUNICIPAL FUNDS.
Intro. by Barnes, B. Newton, Moffitt.
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Bill History:

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S 1076

Bill Summaries:

  • Bill S 1076 (2025-2026)
    Summary date: May 5 2026 - View Summary

    Modifies GS 159B-39 for only the City of Rocky Mount removing the authorization to transfer revenue from rates for electric service to other municipal funds a sum that reflects a rate of return on the investment in the electric system, including removing subsection (c) related to calculating the rate of return and total amount that can be transferred.

    Effective July 1, 2026.

    Public Enterprises and Utilities
    Edgecombe, Nash
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