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The North Carolina Renewable Energy Portfolio Standard and Its Significance for NC Forest Landowners

By: Dennis Hazel, Alex Hobbs NC Woody Biomass

The North Carolina General Assembly adopted a Renewable (energy) Portfolio Standard through passage of Senate Bill 3-2007. Renewable Portfolio Standards (RPS) require that a certain percentage of a utility's overall energy sales must be derived from renewable resources. This publication explains RPS and the benefits to the forestry industry in North Carolina.