NC S487

Removes the 25% cap on energy efficiency measures that electric utilities could use to meet renewable energy portfolio standards requirements, allowing unlimited use of energy efficiency savings.

Eliminates the 40% cap on energy efficiency measures that was set to begin in calendar year 2021, removing the planned increase limit.

Removes the $1,000,000 annual cap on research funding costs for renewable energy, energy efficiency, and improved air quality development.

Allows electric power suppliers to fund research and development for renewable energy and energy efficiency improvements without financial restrictions.