North Carolina House Bill 624 would allow electric monopolies to get a single regulatory approval for a five-year block of annual rate increases, rather than having to approach the Utilities Commission for approval for each rate hike. The bill would make it easier for Duke to profit from $10 billion in coal ash negligence and other mistakes, all with little transparency or accountability.
Consumer, environmental justice and poverty advocates are against it; businesses such as AARP NC, Walmart, Google, and large industrial customer associations oppose it. This bill creates a never-ending cycle of customers paying for utility company executives’ bad investments.
The Senate version, Bill 559, passed recently by a vote of 27 to 22, pulling support and opposition from both parties and is headed to the North Carolina House. We expect the House version to move forward in committees at the end of May.
Use this Action Alert from the Center for Biological Diversity to oppose Bill 624, or simply call or email your state representative and House Speaker Tim Moore and let them know you want them to oppose it.
Rep. Susan Fisher (D-114): 919-715-2013, Susan.Fisher@ncleg.net
Rep. John Ager (D-115): 919-733-5746, John.Ager@ncleg.net
Rep. Brian Turner (D-116): 919-715-3012, Brian.Turner@ncleg.net
House Speaker Tim Moore: 919-733-3451, Tim.Moore@ncleg.net