A BILL TO BE ENTITLED
AN ACT to amend the renewable energy PORTFOLIO STANDARD.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 62‑133.8 reads as rewritten:
"§ 62‑133.8.  Renewable Energy and Energy Efficiency Portfolio Standard (REPS).
…
(b)	Renewable Energy and Energy Efficiency Standards (REPS) for Electric Public Utilities. –
(1)	Each electric public utility in the State shall be subject to a Renewable Energy and Energy Efficiency Portfolio Standard (REPS) according to the following schedule:
Calendar Year	REPS Requirement
2012	3% of 2011 North Carolina retail sales
2015	6% of 2014 North Carolina retail sales
2018 and thereafter	10% of 2017 North Carolina retail sales
	
…."
SECTION 2.  This act becomes effective July 1, 2019, and applies to cost recovery proceedings that occur on or after that date.