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Oct. 28, 2022

Battle brewing in Carolinas over utility monopolies

Charlotte Business Journal

Is there electric monopoly reform on the horizon in South Carolina? Weston Adams, who co-chairs Nelson Mullins’ Energy Industry Group, thinks so.

“There will be some form of market reform in the Carolinas in the next 24 months,” he predicted at the Status of Market Structures in the Southeast panel at the Making Energy Work Conference. “South Carolina may well be the pacesetter in a fight that I expect to be heavily litigated on all sides.”

Adams has been part of that reform effort since 2020. Nelson Mullins incorporated the nonprofit Coalition for Energy Market Reform, a 501(c)(4) organization formed to promote competitive energy markets that's listed as a lobbying group in both Carolinas. The group was involved in the January 2020 announcement that state house members in North and South Carolina intended to promote studies of market alternatives in their respective states.