North Carolina electric ratepayers are spending much more money than they need to spend on their electric bills, thanks to the state’s application of a nearly 40-year-old federal law. The extra costs hit low-income residents especially hard. Those are two key findings of a new John Locke Foundation report. It documents the impact in North Carolina of the Public Utility Regulatory Policies Act of 1978, also known as PURPA. The report offers recommendations to help the state reduce costs. Find out more here.
