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RALEIGH — North Carolina’s government mandates for renewable energy and energy efficiency will likely cost the state 3,600 jobs and $1.8 billion in higher electricity rates, while slashing the state’s…

In 2007, the passage of Senate Bill 3 (SB 3) in North Carolina required that all of the state's public electric utilities increase the percentage of electricity generated from new renewable energy sources. The Beacon Hill Institute in conjunction with the John Locke Foundation has set out to estimate the costs and benefits of SB 3 and its impact on the state's economy.