Bill Summary for H 951 (2021-2022)
Jul 14 2021
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AN ACT TO AUTHORIZE THE UTILITIES COMMISSION TO (I) TAKE ALL REASONABLE STEPS TO ACHIEVE A SEVENTY PERCENT REDUCTION IN EMISSIONS OF CARBON DIOXIDE FROM ELECTRIC PUBLIC UTILITIES FROM 2005 LEVELS BY THE YEAR 2030 AND CARBON NEUTRALITY BY THE YEAR 2050, (II) AUTHORIZE PERFORMANCE-BASED REGULATION OF ELECTRIC PUBLIC UTILITIES, (III) PROCEED WITH RULEMAKING ON SECURITIZATION OF CERTAIN COSTS AND OTHER MATTERS, AND (IV) ALLOW POTENTIAL MODIFICATION OF CERTAIN EXISTING POWER PURCHASE AGREEMENTS WITH ELIGIBLE SMALL POWER PRODUCERS.Intro. by Arp, Szoka, D. Hall, Bell.
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House amendment #2 makes the following changes to the 2nd edition.
Adds new Section 8.1, stating four legislative findings regarding the Regional Greenhouse Gas Initiative (RGGI) and related authorities of the state legislative and executive branches to participate in RGGI. Explicitly prohibits the executive branch from taking action to participate in RGGI and implement emissions limitations and cap and trade requirements attendant with the RGGI program until so authorized by the NCGA.