In 2007, the passage of Senate Bill 3 (SB 3) in North Carolina required that all of the state’s public electric utilities increase the percentage of electricity generated from new renewable energy sources. The Beacon Hill Institute in conjunction with the John Locke Foundation has set out to estimate the costs and benefits of SB 3 and its impact on the state’s economy.

The Economic Impact of North Carolina’s Renewable Energy and Energy Efficiency Portfolio Standard