Energy and Housing Affordability Act.

HB 1192, known as the Energy and Housing Affordability Act, modifies how electric utilities in North Carolina handle changes in fuel costs and establishes rules for on-site power generation by large customers. The bill requires utilities to provide detailed data on fuel usage and emissions treatment to the Public Service Commission, which will then use a new sharing mechanism to adjust customer rates. Under this mechanism, if fuel costs rise or fall from a baseline, customers and utility shareholders will split the financial impact, with customers covering eighty percent and shareholders absorbing the remaining twenty percent of any variance. Additionally, the act appropriates funds to support a workforce housing loan program aimed at improving housing affordability.