North Carolina legislation · 2025-2026 Session
North Carolina S718: Fair Procurement and Ownership Reform Act.
Status: In committee, March 26, 2025
What the bill says
An act revising renewable energy procurement and ownership laws.
From the introduced text:
A BILL TO BE ENTITLED AN ACT REVISING RENEWABLE ENERGY PROCUREMENT AND OWNERSHIP LAWS. The General Assembly of North Carolina enacts: SECTION 1. Chapter 62 of the General Statutes is amended by adding a new Article to read: "Article 18. "Fair Procurement and Ownership Reform Act. "§ 62-360. Title and purpose. This Act shall be known as the "All-Source Procurement and Renewable Energy Ownership Reform Act" and is intended to: (1) Expand renewable energy procurement to include all energy sources, such as solar, wind, battery storage, hydropower, geothermal, and other low-carbon resources. (2) Remove mandated ownership percentages for public utilities in renewable energy projects to promote competitive neutrality and fair market practices. (3) Ensure equitable access to renewable energy options for all customer categories, including residential, commercial, and government customers. (4) Facilitate transparent and competitive procurement processes, focusing on all-source energy options. (5) Expand carbon emissions considerations to include methane, which is composed of carbon. "§ 62-361. Definitions. As used in this Article, the following definitions apply: (1) All-Source procurement. - A competitive process for procuring energy resources from various generation technologies, including solar, wind, battery storage, hydropower, geothermal, and other renewable technologies as defined in G.S. 62-133.8. (2) Commission. - The North Carolina Utilities Commission. (3) Large commercial or industrial customer. - A retail customer of an electric public …
Sponsors
- Meyer, Graig (D, 23) · primary sponsor
- Murdock, Natalie S. (D, 20) · primary sponsor
- Smith, Kandie D. (D, 5)
- Waddell, Joyce (D, 40)
Latest actions
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Filed
Subjects: ALTERNATIVE ENERGY, INFRASTRUCTURE, COMMERCE, UTILITIES, PUBLIC, COMMISSIONS, UTILITIES COMN.
Common questions
- What is S718?
- S718 is a bill in the North Carolina Legislature (2025-2026 Session): Fair Procurement and Ownership Reform Act.
- What does S718 do?
- In its own words: An act revising renewable energy procurement and ownership laws.
- What is the status of S718?
- In committee as of March 26, 2025. Latest action: Ref To Com On Rules and Operations of the Senate (March 26, 2025).
- Who sponsored S718?
- Meyer, Graig (D, 23), with 3 co-sponsors.
- Where is the official record for S718?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/S718
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.