Charlotte-area groups travel to Capitol calling for Gov. Stein to veto energy bill (WSOC-TV)
Ratepayers and leaders of environmentally-focused nonprofits including two from Charlotte, rallied at the Capitol Thursday afternoon, calling for Gov. Josh Stein to veto Senate Bill 266.
The bill, titled the Power Bill Reduction Act, eliminates the state’s 2030 goal to reduce carbon emissions and changes the way utilities can pass the costs of building new power plants and using fuel to generate power onto ratepayers.
Supporters say the bill will save ratepayers billions over the next 25 years, but opponents argue those savings calculations don’t adequately take into account price volatility that can come with a system that favors fossil fuels, especially natural gas.