Dear John, NC Senators introduced a bill that could walk back all the progress we’ve made as a state on climate and provide more handouts to a greedy monopoly.
Senate Bill 266 (SB 266), the misleadingly named “Power Bill Reduction Act,” will actually increase the financial burden on ratepayers, forcing them to pay upfront for dirty methane and nuclear plants that have not yet been built. Any construction problems, delays, or cancellations will be paid for by citizens, letting Duke Energy off the hook. This is exactly what happened in South Carolina and Georgia, with ratepayers still paying the price. We do not want this legislation in our state.
Additionally, SB 266 eliminates North Carolina’s 2030 climate goal to reduce carbon emissions by 70% of 2005 levels. If we continue to push back the deadlines on climate goals, clean energy projects get pushed to the wayside, and North Carolina falls behind in the energy transition.
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