S623: Transparent Electric Transfers. Latest Version

Session: 2023 - 2024

Senate
Passed 1st Reading
Rules


AN ACT TO STANDARDIZE RULES REGARDING ELECTRIC FUND TRANSFERS.



The General Assembly of North Carolina enacts:



SECTION 1.  G.S. 159B‑39 reads as rewritten:



§ 159B‑39.  Permitted uses of revenue from electric power rates.





(e)        This section applies only to the following cities and towns that are members of the North Carolina Eastern Municipal Power Agency: Apex, Ayden, Belhaven, Benson, Clayton, Edenton, Elizabeth City, Farmville, Fremont, Greenville, Hamilton, Hertford, Hobgood, Hookerton, Kinston, LaGrange, Laurinburg, Louisburg, Lumberton, New Bern, Pikeville, Red Springs, Robersonville, Rocky Mount, Scotland Neck, Selma, Smithfield, Southport, Tarboro, Wake Forest, Washington, and Wilson.a municipal power agency.



SECTION 2.  This act becomes effective July 1, 2026.