Democratic Gov. Roy Cooper of North Carolina signed a milestone energy bill into law Wednesday that aims to sharply reduce greenhouse gas emissions from the state's power plants by 2030, celebrating the legislative accomplishment with Republican lawmakers.
previously have passed legislation establishing greenhouse gas emissions reduction requirements, according to the National Conference of State Legislatures. The only other Southeast state to have done so before Wednesday was Virginia.
The new law also allows Duke Energy to seek multiyear rate increases and performance-based earnings incentives from the state Utilities Commission — a significant win for the Charlotte-based company. Representatives of Duke and other business groups supporting the new law attended the ceremony. Despite strong bipartisan support for the final measure and Cooper's involvement in negotiations, many environmental groups and advocates for the poor declined to endorse the measure. They said it provided too many loopholes for delaying percentage-reduction emissions goals. They also said it gave Duke an outsized role in forming the plan and lacked monetary assistance for low-income customers to address expected higher bills.
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