NC Senate passes Duke Energy-backed compromise bill on carbon reduction, utility reform

A compromise bill on utility reform that would set out N.C. Gov. Roy Cooper’s carbon reduction goals and allow Duke Energy Corp.’s North Carolina utilities to request multi-year rate hikes sailed through the State Senate yesterday on a 42-7 vote.

Several senators described the final version hammered out between Cooper and Senate President Pro Tempore Phil Berger as landmark legislation. Sen. Julie Mayfield, D-Buncombe, noted that it will make North Carolina one of just a handful of states that…

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