Energy

SB 1047, titled the Regulatory Reform Act of 2026, organizes and updates North Carolina's laws regarding Guaranteed Energy Savings Contracts (GESC) to provide regulatory relief for citizens. The bill primarily affects state and local governmental units by establishing a structured process for these contracts, which allow governments to pay for energy-saving upgrades based on actual savings rather than upfront costs. Key provisions require officials to publish requests for qualifications, select providers based on specific criteria like past performance and technical feasibility, and conduct independent audits to verify projected energy savings. Additionally, the legislation sets clear thresholds for terminating projects if the actual savings do not meet the guaranteed estimates, ensuring accountability in public spending.

SB 472 streamlines water quality permit reviews for specific projects in North Carolina, directly affecting developers of upland basin marinas, energy/fuel infrastructure, and maintenance dredging projects funded by certain state programs. It sets strict deadlines for the Department of Environmental Quality: requiring fee notifications within 5 business days, completeness reviews within 30 days, and final decisions within 10-15 days (or automatically waiving certification if deadlines are missed). The bill also clarifies that certain man-made ditches and upland basin marinas are not subject to coastal management regulations. These changes aim to accelerate project approvals while maintaining existing water quality standards. The bill is pending review and would take effect October 1, 2025.