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North CarolinaSB 10762025-2026 SessionSenate

AN ACT TO PROHIBIT THE CITY OF ROCKY MOUNT FROM TRANSFERRING THE REVENUES OF ITS ELECTRIC SYSTEM TO OTHER MUNICIPAL FUNDS.

Sponsored By: Buck Newton (Republican), Lisa S. Barnes (Republican), Timothy D. Moffitt (Republican)

Became Law

ACCOUNTINGBUDGETINGCOUNTIESELECTRICITY GENERATION & DISTRIBUTIONFUELSINFRASTRUCTURELOCALLOCAL GOVERNMENTMUNICIPALITIESRATIFIEDTITLE CHANGEUTILITIESNASH COUNTYFRANKLIN COUNTYROCKY MOUNTLOUISBURGCHAPTERED

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 4 benefits, 0 costs, 0 mixed.

Electric funds stay with customers in listed towns

For the listed municipal electric systems, cities must use electric rate money to run the utility. Allowed costs include operations, purchased power, capital work, debt, required reserves, a rate‑stabilization fund, payments in lieu of taxes, and fair reimbursements to other city funds. Any leftover money must lower electric rates in the service area or make extra utility‑debt payments. Cities cannot move electric utility money to other funds for other uses. This does not block actions the Local Government Commission requires. This rule applies July 2, 2026 through January 1, 2029.

Louisburg electric money limited to utility use

Louisburg must use electric rate money only for the electric system. Allowed costs include operations, purchased power, capital work, debt, required reserves, a rate‑stabilization fund, payments in lieu of taxes, and fair reimbursements to other funds. Any leftover money must lower electric rates in the service area or make extra utility‑debt payments. The Town cannot move electric utility money to other funds for other uses. This does not block actions the Local Government Commission requires. These rules take effect July 2, 2026. Session Law 2021‑103 is repealed effective July 2, 2026.

Rocky Mount gas money stays in system

If you get natural gas from Rocky Mount, the City must use gas rate money for the gas system. Allowed costs include operations, capital work, debt, required reserves, a rate‑stabilization fund, payments in lieu of taxes, and fair reimbursements to other funds. Any leftover money must lower gas rates in the service area or make extra utility‑debt payments. The City cannot move gas utility money to other funds for other uses. This does not block actions the Local Government Commission requires. This rule applies July 2, 2026 through January 1, 2029.

Rocky Mount utilities advisory committee created

The law creates a nine‑member Rocky Mount Public Utilities Advisory Committee. Five members are city residents and four are utility customers outside the city (one home and one business from Nash County, and one home and one business from Edgecombe County). All voting members must be utility customers. The committee is advisory only and reviews proposed rates, budgets, capital plans, and any utility‑fund transfers. It meets at least quarterly and with the City Council twice a year. Effective July 1, 2027. The City seeks county nominations within 30 days, makes initial appointments by May 31, 2028, and the committee begins July 1, 2028. Terms are three years with a two‑term limit.

Sponsors & Cosponsors

Sponsors

  • Buck Newton

    Republican • Senate

  • Lisa S. Barnes

    Republican • Senate

  • Timothy D. Moffitt

    Republican • Senate

Cosponsors

  • Norman W. Sanderson

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 137 • No: 70

Senate vote • 7/1/2026

SB 1076: Rocky Mount/Louisburg Utility Revenue/Advisory.

Yes: 29 • No: 18 • Other: 3

House vote • 6/30/2026

SB 1076: Rocky Mount/Louisburg Utility Revenue/Advisory.

Yes: 78 • No: 34 • Other: 7

Senate vote • 5/19/2026

SB 1076: Limit Electric/Natural Gas Revenue Uses.

Yes: 30 • No: 18 • Other: 1

Actions Timeline

  1. Ch. SL 2026-27

    7/2/2026Senate

  2. Ratified

    7/2/2026Senate

  3. Ordered Enrolled

    7/1/2026Senate

  4. Concurred In H Com Sub

    7/1/2026Senate

  5. Placed on Today's Calendar

    7/1/2026Senate

  6. Withdrawn From Com

    7/1/2026Senate

  7. Ref To Com On Rules and Operations of the Senate

    7/1/2026Senate

  8. Regular Message Received For Concurrence in H Com Sub

    7/1/2026Senate

  9. Regular Message Sent To Senate

    7/1/2026House

  10. Passed 3rd Reading

    6/30/2026House

  11. Passed 2nd Reading

    6/30/2026House

  12. Placed On Cal For 06/30/2026

    6/24/2026House

  13. Cal Pursuant Rule 36(b)

    6/24/2026House

  14. Reptd Fav

    6/24/2026House

  15. Re-ref Com On Rules, Calendar, and Operations of the House

    6/23/2026House

  16. Reptd Fav Com Substitute

    6/23/2026House

  17. Re-ref to the Com on State and Local Government, if favorable, Rules, Calendar, and Operations of the House

    6/15/2026House

  18. Withdrawn From Com

    6/15/2026House

  19. Ref To Com On Rules, Calendar, and Operations of the House

    5/19/2026House

  20. Passed 1st Reading

    5/19/2026House

  21. Special Message Received From Senate

    5/19/2026House

  22. Special Message Sent To House

    5/19/2026Senate

  23. Passed 3rd Reading

    5/19/2026Senate

  24. Passed 2nd Reading

    5/19/2026Senate

  25. Placed on Today's Calendar

    5/19/2026Senate

Bill Text

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