North Carolina

SEP Funding Leveraged to Set Clean Energy Goals

$380,000
Initial DOE SEP funding

Leveraged SEP funds to develop a Clean Energy Plan (CEP), which outlines 38 recommendations and 85 actions in key strategic areas

$1,139,000 million
In private leveraged funds

 

In North Carolina, the State Energy Office leveraged SEP funds to develop a Clean Energy Plan (CEP) which will transition the state’s electricity system to the 21st century.  The CEP was developed for use as a statewide roadmap to encourage the use of clean energy resources and technologies and to foster the development of a modern and resilient electricity system.  The CEP outlines 38 recommendations and 85 actions in key strategic areas, including:  develop carbon reduction policy designs for accelerated retirement of uneconomic coal assets and other market-based and clean energy policy options; (2) develop and implement policies and tools such as performance-based mechanisms, multi-year rate planning, and revenue decoupling, that better align utility incentives with public interest, grid needs and state policy; and (3) modernize the grid to support clean energy resource adoption, resilience and other public interest outcomes. The NC CEP will serve as a statewide roadmap for the legislature, utilities commission, Governor’s Office, state agencies, investor-owned utilities, rural electric cooperatives/public utilities, local government, academia, businesses, and the general public.

Contact Information for the North Carolina Energy Office