Requires the Commission to receive and consider stakeholder input in making such determinations.Īmends GS 62-110.8, which requires electric public utilities to file for Commission approval a program for the competitive procurement of energy and capacity from renewable energy facilities in the aggregate amount of 2,660 megawatts (MW), reasonably allocated over a term of 45 months. Prohibits exceeding the dates specified by more than two years, except in the event the Commission authorizes construction of a nuclear facility or wind energy facility that would require additional time for completion, or in the event it is necessary to maintain the adequacy and reliability of the existing grid. Directs that the Commission maintain discretion to determine optimal timing and generation and resource-mix to achieve the least cost path to compliance with the reduction goals, including discretion in the reduction goal dates specified in order to allow for implementation of solutions that would have a more significant and material impact on carbon reduction. Requires the Commission to ensure any generation and resource changes maintain or improve upon adequacy and reliability of the existing grid. Makes the ownership requirements applicable to solar energy facilities paired with energy storage and procured in connection with any voluntary customer program. Establishes the following additional requirements for new solar generation selected by the Commission: (1) 45% total megawatts alternating current (MW AC) of any solar energy facilities established must be supplied through the execution of power purchase agreements with third parties pursuant to which the electric public utility purchases solar energy, capacity, and environmental and renewable attributes from solar energy facilities owned and operated by third parties that are 80 MW AC or less that commit to allow the procuring electric public utility rights to dispatch, operate, and control the solicited solar energy facilities in the same manner as the utility's own generating resources and (2) 55% of the total megawatts alternating current (MW AC) of any solar energy facilities established must be supplied from solar energy facilities that are utility-built or purchased by the utility from third parties, and owned and operated and recovered on a cost-of-service basis by the soliciting electric public utility. Makes existing law applicable with respect to energy efficiency measures and demand-side management. Requires any new generation facilities or other resources selected by the Commission in order to achieve the reduction goals to be owned and recovered on a cost-of-service basis by the applicable electric public utility, except as follows. Directs the Commission to develop a Carbon Plan by December 31, 2022, with the electric public utilities and stakeholders to achieve the reduction goals and to biennially review the plan for necessary modifications.ĭirects the Commission to comply with current law and practice with respect to the least cost planning for generation pursuant to GS 62-2(a)(3a) in achieving the reduction goals and determining generation and resource mix for the future. Defines electric public utility and carbon neutrality. of the act are discussed below.ĭirects the North Carolina Utilities Commission (Commission) to take reasonable steps to achieve a 70% reduction in emissions of carbon dioxide emitted in the state from electric generating facilities owned or operated by electric public utilities from 2015 levels by 2030, and to achieve carbon neutrality by 2050. of the act, which enacts GS 62-133.16, allowing the North Carolina Utilities Commission to approve performance-based regulation of electric public utilities upon application. Senate committee substitute to the 3rd edition makes the following changes.ĭeletes the content of the previous edition with the exception of Part II.
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