AN ACT TO AMEND THE RENEWABLE ENERGY PORTFOLIO STANDARD.
Amends the Renewable Energy and Energy Efficient Portfolio Standards (REPS) provided in GS 62-133.8 as follows. Sets the REPS requirement for electric public utilities at 10% of 2017 North Carolina retail sales for the 2018 calendar year and thereafter (currently, the Standard includes 10% of 2017 NC retail sales for calendar year 2018, and 12.5% of 2020 NC retail sales for calendar year 2021 and thereafter). Applies to cost recovery proceedings that occur on or after July 1, 2019.
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