North Carolina S261 amends electric utility regulations to expedite carbon reduction goals and adjust rate recovery for construction work in progress.

North Carolina S261 modifies the state's electric utility regulations to accelerate carbon reduction goals and alter the rate recovery process for construction work in progress. The bill mandates the Utilities Commission to develop a plan for achieving carbon neutrality by 2050, with a 70% reduction in carbon dioxide emissions by 2030. It also requires the Commission to review and adjust this plan every two years.

North Carolina S261 amends electric utility regulations to expedite carbon reduction goals and adjust rate recovery for construction work in progress.

North Carolina S261 modifies the state's electric utility regulations to accelerate carbon reduction goals and alter the rate recovery process for construction work in progress. The bill mandates the Utilities Commission to develop a plan for achieving carbon neutrality by 2050, with a 70% reduction in carbon dioxide emissions by 2030. It also requires the Commission to review and adjust this plan every two years.