NCEMPA ASSET SALE UPDATES
9/21/15- Kinston City Council voted unanimously to reduce electric rates by an average of 10%. To view release, click here.
7/31/15-NCEMPA Asset Sale is now complete, we are excited to pursue rate reductions for our customers in the coming months!
the news release, click here.
6/1/15- Kinston City Council voted unanimously to sell our assets to Duke Energy. We are looking forward to retail rate decrease in the fall.
5/18/15 - To view Electricities CEO, Graham Edwards, NCEMPA Asset Sale Power Point presentation from the 5/18/15 City Council meeting, click here.
5/8/15 - NCEMPA Asset Sale documents have been released. To view them in their entirety, click here.
4/2/15 - Governor Pat McCrory signed legislation approving NCEMPA Asset Sale.
3/31/15 - NC House unanimously passes NCEMPA Asset Sale 115-0.
3/25/15 - In a 47-1 vote, the NC Senate okayed the plan that allows Duke Energy Progress to purchase Electricities stake in nuclear power plants. -WITN
3/17/15 - Two bills were recently filed related to the NCEMPA Asset Sale. The companion bills are House Bill 265 "NCEMPA Sale" and Senate Bill 305 "NCEMPA Asset Sale." This legislation is needed to complete the sale of NCEMPA's generation assets to Duke Energy Progress and is a critical next step in the approval process.
Click here to view House Bill 265.