§ 160A-323. Load management and peak load pricing of electric power. - North Carolina Statutes

§ 160A‑323.  Loadmanagement and peak load pricing of electric power.

In addition and supplemental to the powers conferred uponmunicipalities by the laws of the State and for the purposes of conservingelectricity and increasing the economy of operation of municipal electricsystems, any municipality owning or operating an electric distribution system,any municipality engaging in a joint project pursuant to Chapter 159B of theGeneral Statutes and any joint agency created pursuant to Chapter 159B of the GeneralStatutes, shall have and may exercise the power and authority:

(1)        To investigate, study, develop and place into effectprocedures and to investigate, study, develop, purchase, lease, own, operate,maintain, and put into service devices, which will temporarily curtail or cutoff certain types of appliances or equipment for short periods of time wheneveran unusual peak demand threatens to overload the electric system or economieswould result; and

(2)        To fix rates and bill customers by a system of nondiscriminatorypeak pricing, with incentive rates for off‑peak use of electricitycharging more for peak periods than for off‑peak periods to reflect thehigher cost of providing electric service during periods of peak demand on theelectric system. (1977, c. 232.)