Textile, Environment Advocates Speak Against NC Energy Bill
North Carolina textile executives and advocates for the environment and the poor are urging state legislators to reject a major energy bill pushed by several House Republicans. The coalition held a news conference Monday to criticize the wide-ranging proposal. It would retire early several coal-fired plants operated by Duke Energy subsidiaries, expand solar production and allow the electric utility to seek multi-year rate increases. Textile companies are worried that the full costs of the proposal upon Duke Energy ratepayers would harm their plants and chances for in-state expansion. Another new analysis of the bill projects rate hikes to be much lower.