EnactedFiled May 5, 2026
Sponsor: Lisa Barnes (R)
Latest Action
Ch. SL 2026-27
Jul 2, 2026
Summary
The law rewrites the state rule on how municipal electric utilities can use rate revenue. Rocky Mount may keep money for operating costs, debt service, system upgrades and a capped return on investment, but cannot transfer any other funds elsewhere. The restriction becomes effective on July 1 2026.
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