North Carolina S720 amends public utility law to prevent cost recovery of certain activities and requires annual reporting on these activities.

North Carolina S720 revises definitions in public utility law and mandates additional requirements to protect ratepayers from unjust or unreasonable fees. The bill prohibits public utilities from recovering costs related to advertising, lobbying, political influence activities, and other specified expenses through rates. Public utilities must annually report on these activities to the North Carolina Utilities Commission. The Commission can impose penalties and refunds to ratepayers for violations.

North Carolina S720 amends public utility law to prevent cost recovery of certain activities and requires annual reporting on these activities.

North Carolina S720 revises definitions in public utility law and mandates additional requirements to protect ratepayers from unjust or unreasonable fees. The bill prohibits public utilities from recovering costs related to advertising, lobbying, political influence activities, and other specified expenses through rates. Public utilities must annually report on these activities to the North Carolina Utilities Commission. The Commission can impose penalties and refunds to ratepayers for violations.