TO INCREASE ENERGY PRODUCTION IN NORTH CAROLINA TO DEVELOP A SECURE, STABLE, AND PREDICTABLE ENERGY SUPPLY TO FACILITATE ECONOMIC GROWTH, JOB CREATION, AND EXPANSION OF BUSINESS AND INDUSTRY OPPORTUNITIES AND TO ASSIGN FUTURE REVENUE FROM ENERGY EXPLORATION, DEVELOPMENT, AND PRODUCTION OF ENERGY RESOURCES IN ORDER TO PROTECT AND PRESERVE THE STATE'S NATURAL RESOURCES, CULTURAL HERITAGE, AND QUALITY OF LIFE.
Conference report recommends the following changes to 5th edition to reconcile matters in controversy. Amends Section 3.(a) (onshore shale gas) to direct the Department of Environment and Natural Resources to provide a comprehensive report to specified parties by May 1, 2012, on the commercial potential of onshore shale gas resources within the state; encourages DENR to collaborate with the newly created Energy Jobs Council (previously directed DENR to work in conjunction with the Energy Jobs Council to provide the report). Amends GS 113B-11(e) to authorize (rather than direct) the Utilities Commission to make its staff available to the Energy Jobs Council. Makes the entire act effective when it becomes law (previously made the energy policy compact effective when a direct sharing of the royalties and revenues became effective). Makes a clarifying change.
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