 In 2019, a bill (Senate Bill 559) worked its way through the North Carolina legislature that would have allowed Duke Energy, one of the state's electric utilities, to have a multi-year rate for up to five years.Duke Energy argued that a multi-year plan would help the company pay for storm recovery and upgrades to the grid.However, legislators ended up removing the part of Senate Bill 559 that would have allowed multi-year rate plans for Duke Energy.