July 14, 2021Bankruptcy Slowdown Prompts Lawyers to Pivot to Transactions and Litigation
July 16, 2021
In a late night/early morning session Wednesday and Thursday, the N.C. House passed a piece of legislation that could significantly alter the energy landscape in North Carolina. The bill proposes the early retirement of inefficient coal-fired power plants at five locations, to be phased out through the end of 2030, which would contribute to a 62% reduction in power-sector greenhouse gas emissions in the state by the end of the decade compared to 2005 levels. However, Gov. Cooper’s goal is a 70% reduction, and he is opposed to the bill as passed by the House. The bill next goes to the Senate where it will undergo some changes, but most likely not enough to satisfy the governor’s concerns.
When North Carolina allowed its film industry incentives to expire in 2015, television and movie companies moved from Wilmington to places like Atlanta which were willing to provide them with incentives to bring their industry to the State of Georgia. Now, North Carolina is poised to once again be a destination location for movie and television companies due to a provision in the State budget returning some incentives to lure the business back to our State.
After occupying the campus of the old Dorothea Dix Hospital in Raleigh for many years, the Dept. of Health and Human Services is on the verge of becoming the centerpiece of a new campus in West Raleigh.
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