North Carolina electric customers are expected to pay more than $3.2 billion for a 2002 air-quality regulation called the Clean Smokestacks Bill. What are they getting out of it? Not much, at least based on the evidence available to date.

That’s the gist of Roy Cordato and Kamen Nikolaev’s new Spotlight report, The Clean Smokestacks Bill: A Retrospective. Roy discusses the report in the video clip below.