Bill Text: NC S487 | 2017-2018 | Regular Session | Amended
Bill Title: Increase Energy Efficiency
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2017-03-30 - Ref To Com On Rules and Operations of the Senate [S487 Detail]
Download: North_Carolina-2017-S487-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2017
S 1
SENATE BILL 487
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Short Title: Increase Energy Efficiency. |
(Public) |
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Sponsors: |
Senators Brock and Wade (Primary Sponsors). |
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Referred to: |
Rules and Operations of the Senate |
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March 30, 2017
A BILL TO BE ENTITLED
AN ACT to encourage and increase energy efficiency in north carolina by removing certain caps and limits in the renewable energy Portfolio standards.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 62‑133.8(b)(2) reads as rewritten:
"(2) An electric public utility may meet the requirements of this section by any one or more of the following:
…
c. Reduce energy consumption
through the implementation of an energy efficiency measure; provided,
however, an electric public utility subject to the provisions of this
subsection may meet up to twenty‑five percent (25%) of the requirements
of this section through savings due to implementation of energy efficiency
measures. Beginning in calendar year 2021 and each year thereafter, an electric
public utility may meet up to forty percent (40%) of the requirements of this
section through savings due to implementation of energy efficiency measures.measure.
…."
SECTION 2. G.S. 62‑133.8(h)(1) reads as rewritten:
"(1) For the purposes of this subsection, the term "incremental costs" means all reasonable and prudent costs incurred by an electric power supplier to:
a. Comply with the requirements of subsections (b), (c), (d), (e), and (f) of this section that are in excess of the electric power supplier's avoided costs other than those costs recovered pursuant to G.S. 62‑133.9.
b. Fund research that
encourages the development of renewable energy, energy efficiency, or improved
air quality, provided those costs do not exceed one million dollars
($1,000,000) per year.quality.
c. Comply with any federal mandate that is similar to the requirements of subsections (b), (c), (d), (e), and (f) of this section that exceed the costs that the electric power supplier would have incurred under those subsections in the absence of the federal mandate."
SECTION 3. This act is effective when it becomes law.
