Limit Electric Utilities Historic Fuel Cost Recovery.

This bill directs North Carolina's Utilities Commission to adjust electricity rates to reflect fuel costs that utilities incurred after a previous rate-setting period ended. It requires the commission to include these recent fuel expenses in rate calculations, provided they were reasonable and prudently spent, while explicitly excluding costs from before that earlier period. The law also mandates that any difference between what utilities collected and what they actually spent on fuel be corrected over a 12-month period with interest applied. Additionally, the bill allocates $10,000 in state funds to the commission to support the administrative work needed to implement these changes, which will take effect on July 1, 2026.