North Carolina S1024 repeals multiyear rate plans for electric utilities and mandates a study on performance-based rate making.
North Carolina S1024 repeals multiyear rate plans for electric utilities, which allowed automatic rate adjustments over multiple years. The bill mandates the Utilities Commission to conduct a study on the effectiveness of performance-based rate making, including an assessment of current performance incentives and their impact on utility investment decisions. The study will also evaluate the impact of capped performance incentives and recommend ways to better align utility earnings with customer affordability and system cost reduction.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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