A BILL TO BE ENTITLED AN ACT TO REDUCE THE BURDEN OF HIGH ENERGY COSTS ON THE CITIZENS OF NORTH CAROLINA BY ELIMINATING RENEWABLE ENERGY PORTFOLIO STANDARDS; AND TO PROVIDE FOR COST RECOVERY BY PUBLIC UTILITIES FOR CERTAIN COSTS OF COMPLIANCE WITH RENEWABLE ENERGY PORTFOLIO STANDARDS.
Senate committee substitute makes the following changes to the 1st edition.
Deletes all the provisions from the previous edition.
Amends subsection (a)(10) of GS 62-2 (Declaration of policy), to delete reference to the development of renewable energy.
Amends GS 62-133.8 (Renewable Energy and Energy Efficiency Portfolio Standard (REPS)), establishing that the REPS requirement for electric public utilities, electric membership corporations, and municipalities will be set at 3% of 2011 NC retail sales from 2012 through 2023. Establishes that compliance with the REPS requirement, for years 2018 through 2023, will require no less than 0.20% of the total electric power in kilowatt hours sold to retail electric customers in the state to come through the use of solar energy resources and swine waste resources. Further establishes that meeting the REPS requirement through the use of poultry waste resources, for the years 2014 through 2023, will require the production of no less than 900,000 megawatt hours from poultry waste resources.
Provides for an established annual rider to allow an electric power supplier to recover incremental incurred costs, set for the years 2012-2023. Establishes that the costs will be recovered from individual customers as a separately assessed surcharge, identified on the customers' bills as a special surcharge for green energy.
Provides that incremental costs incurred by an electric power supplier prior to July 1, 2013, to comply with any requirement repealed by this act, may be recovered as provided in GS 62-133.8(h). Sets out, for the purposes of cost recovery under this act, what costs incurred prior to July 1, 2013, can include.
Effective July 1, 2013.
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