A JOINT RESOLUTION encouraging the north carolina eastern municipal electric power agency to explore possible ways in which the agency may sell or transfer its electric generation assets to an investor‑owned utility.
Be it resolved by the House of Representatives, the Senate concurring:
SECTION 1.(a)  The North Carolina Eastern Municipal Electric Power Agency (NCEMPA) is encouraged to explore possible ways in which it may transfer or sell its ownership interests in the following five electric generating assets to an investor‑owned utility: two nuclear units at the Brunswick Plant in Brunswick County, one nuclear unit at the Shearon Harris Plant in Wake County, and two coal‑fired plants in Person County.
SECTION 1.(b)  No later than December 31, 2013, NCEMPA shall submit to the Utilities Commission and the Joint Legislative Commission on Governmental Operations the results of its efforts under subsection (a) of this section.
SECTION 1.(c)  The intent of the General Assembly is that NCEMPA explore all feasible options with investor‑owned utilities to aid NCEMPA member cities in (i) divesting their ownership interest in the five electric generating assets described in subsection (a) of this section; and (ii) reducing electric rates to their residential and business customers.
SECTION 2.  This resolution is effective upon ratification.