The North Carolina legislature has given final approval to the Power Reduction Act, which eliminates the state's statutory goal to cut carbon emissions by 70% by 2030. Supporters say this policy change could save North Carolinians up to $15 billion in future energy costs and will help meet skyrocketing power demands. Meanwhile, the Foster Care in NC Act aims to modernize and strengthen the state's child welfare system through a wide-ranging set of reforms. Additionally, the Neighbor State License Recognition Act advances occupational licensing reform by allowing individuals licensed in neighboring states to apply for equivalent licenses in North Carolina without having to start the process from scratch. Wolfspeed, a Durham-based company, is one step closer to filing for bankruptcy after creditors secured a $750 million financing deal. The company manufactures wide bandgap semiconductors and has faced financial woes and layoffs in recent months.
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