NC H638

Imposes fees on all new EV and plug-in hybrid charging stations connected to the grid, as well as on all new EVs and PHEVs sold or licensed in North Carolina, to fund construction of new dispatchable power generation

Requires new data centers to bear full responsibility for securing their own dispatchable power supply, either by contracting with local utilities or submitting independent power development plans to the NC Utilities Commission

Prohibits cost overruns from data center power contracts from being passed on to general ratepayers; allows excess power from dedicated sources to be sold at wholesale rates with profits split between utility and data center

Mandates that data centers receiving state or local economic incentives sign memoranda of understanding, with failure to comply triggering proceedings to recoup the cash value of incentives from the parent company

Defines "reliable" power sources as those with 80% or greater performance standards, and "firm power" as dispatchable generation or battery storage exceeding 24 hours