Powering Eastern North Carolina: A Financial and Social Examination of Utilities

Abstract

This paper examines the structure, operations, and community impact of electric utility providers in Eastern North Carolina, while focusing on the financial and social dynamics that surround municipally owned and electric cooperative utilities. Through the analysis of Greenville Utilities Commission (GUC), Cape Hatteras Electric Cooperative (CHEC), and Tideland Electric Membership Corporation (Tideland EMC), the research provides information on how rate provision, operating margins, and purchase power costs influence factors of affordability and sustainability for customers and members. The research notes the key differences between the structure and models of municipally owned and cooperatives, highlighting that while both are not-for-profit entities, they maintain differences in ownership, funding, and investment strategies. The paper investigates the emergence of clean energy initiatives such as solar and wind projects that are being implemented within Eastern North Carolina communities. The corresponding community reactions including optimism, skepticism, and other concerns and impacts are mentioned. Finally, the analysis is wrapped up with the apprehension between affordability and sustainability in utility provision. The analysis reveals unpopularity within rate increases while pointing out their essential nature for the support of provision across Eastern North Carolina.