North Carolina S718 revises renewable energy procurement and ownership laws to promote fair market practices.
The Fair Procurement and Ownership Reform Act revises North Carolina's renewable energy procurement and ownership laws. It mandates all-source competitive procurements for electric public utilities serving over 150,000 customers, including renewable energy and storage resources, without technology-specific ownership mandates. The act removes mandated ownership percentages for public utilities in renewable energy projects, promoting competitive neutrality and fair market practices.
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