On July 29, 2025, the North Carolina General Assembly enacted the Power Bill Reduction Act, overriding Gov. Josh Stein’s veto. This landmark legislation introduces significant reforms to North Carolina’s electric utility...more
Since the issuance of Revenue Procedure (Rev. Proc.) 2005-62, many utilities have used securitizations authorized by state law to secure collections of stranded costs upon the retirement of certain generation plants or costs...more
Given the significant number of nuclear plants (approaching 20) and coal-fired plants (approaching 400) that have been recently closed or designated for closing, or are at risk of closing, utilities not already considering...more