Rocky Mount’s Electric Funds Now Tightly Restricted | Winston–Salem News

A new North Carolina law, SB 1076, just passed the Senate and slashes Rocky Mount’s financial flexibility—now electric revenue can only fund system operations, bill reductions, or debt repayment. The bill, narrowly approved 29-18, locks in these restrictions starting July 1, 2026, and targets only Rocky Mount. Senator Steve Jarvis, a UNC School of Government grad and 2023 Senate newcomer, backed it. With the governor’s signature, this move tightens municipal budgeting, forcing Rocky Mount to rethink how it manages its electric funds. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/78b2efeb28362838