• Summary date: Apr 16 2013 - More information

    Enacts new GS 62-110.8 requiring each electric utility regulated under GS Chapter 62 to equip each premises within its service area with a smart meter no later than January 1, 2016, to help customers control their energy usage and costs. Each electric utility must also submit an annual report of its activities under this section for the preceding year. Allows the utility to recover its costs through resale of power saved. Requires cost savings realized by the resale to be shared equally by the customer and the utility.

© 2021 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view