Bill Summary for H 431 (2011-2012)

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Bill: REPEAL SENATE BILL 3 OF THE 2007 SESSION.

Summary date: 

Mar 22 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 431 (Public) Filed Tuesday, March 22, 2011
TO REPEAL SENATE BILL 3 OF THE 2007 REGULAR SESSION OF THE GENERAL ASSEMBLY, SESSION LAW 2007-397, RELATING TO RENEWABLE ENERGY.
Intro. by Cleveland.

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Bill summary

Repeals SL 2007-397, entitled AN ACT TO: (1) PROMOTE THE DEVELOPMENT OF RENEWABLE ENERGY AND ENERGY EFFICIENCY IN THE STATE THROUGH IMPLEMENTATION OF A RENEWABLE ENERGY AND ENERGY EFFICIENCY PORTFOLIO STANDARD (REPS), (2) ALLOW RECOVERY OF CERTAIN NONFUEL UTILITY COSTS THROUGH THE FUEL CHARGE ADJUSTMENT PROCEDURE, (3) PROVIDE FOR ONGOING REVIEW OF CONSTRUCTION COSTS AND FOR RECOVERY OF COSTS IN RATES IN A GENERAL RATE CASE, (4) ADJUST THE PUBLIC UTILITY AND ELECTRIC MEMBERSHIP CORPORATION REGULATORY FEES, (5) PROVIDE FOR THE PHASEOUT OF THE TAX ON THE SALE OF ENERGY TO NORTH CAROLINA FARMERS AND MANUFACTURERS, AND (6) ALLOW A TAX CREDIT TO CONTRIBUTORS TO 501(C)(3) ORGANIZATIONS FOR RENEWABLE ENERGY PROPERTY. Also repeals Section 14(a) of SL 2009-475 (amending GS 62-133.8 concerning the tracking of renewable energy certificates).