Bill Summary for H 889 (2013-2014)

Summary date: 

Apr 16 2013

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 889 (Public) Filed Thursday, April 11, 2013
A JOINT RESOLUTION ENCOURAGING THE NORTH CAROLINA EASTERN MUNICIPAL ELECTRIC POWER AGENCY TO EXPLORE POSSIBLE WAYS IN WHICH THE AGENCY MAY SELL OR TRANSFER ITS ELECTRIC GENERATION ASSETS TO AN INVESTOR-OWNED UTILITY.
Intro. by Martin, Collins.

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Bill summary

Encourages the North Carolina Eastern Municipal Electric Power Agency (NCEMPA)  to explore feasible options with investor-owned utilities to aid NCEMPA member cities in (1) divesting their ownership interest in five specified electric generating assets and (2) reducing electric rates to their residential and business customers.

NCEMPA must submit results of its efforts to the Joint Legislative Commission on Governmental Options and the Utilities Commission no later than December 31, 2013.

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