Bill Text - HB1270 (2010)

(New Title) relative to balancing amounts expended from the renewable energy fund.


Revision: March 5, 2010, midnight

HB 1270 – AS AMENDED BY THE HOUSE

03Mar2010… 0682h

2010 SESSION

10-2547

06/09

HOUSE BILL 1270

AN ACT relative to balancing amounts expended from the renewable energy fund.

SPONSORS: Rep. S. Harvey, Hills 21; Rep. Hinkle, Hills 19

COMMITTEE: Science, Technology and Energy

AMENDED ANALYSIS

This bill requires the public utilities commission to balance amounts expended from the renewable energy fund between residential and nonresidential sectors.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03Mar2010… 0682h

10-2547

06/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Ten

AN ACT relative to balancing amounts expended from the renewable energy fund.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Renewable Energy Fund. Amend RSA 362-F:10, VIII to read as follows:

VIII. The commission may, after notice and hearing, by order or rule, establish additional incentive or rebate programs and competitive grant opportunities for [customer-sited thermal and] renewable [energy] thermal and electric energy projects sited in New Hampshire.

2 Renewable Energy Fund. RSA 362-F:10, IX is repealed and reenacted to read as follows:

IX. For good cause the commission may, after notice and hearing, by order or rule, modify the program, including the incentive level, created under RSA 326-F:10, V.

3 New Paragraph; Renewable Energy Fund. Amend RSA 362-F:10 by inserting after paragraph IX the following new paragraph:

X. The commission shall, over each 2-year period commencing July 1, 2010, reasonably balance overall amounts expended from the fund, net of administrative expenditures, between residential and nonresidential sectors. Funds from the renewable energy fund awarded to renewable projects and initiatives in the residential sector shall be in approximate proportion to the amount of electricity sold at retail to that sector in New Hampshire, and the remaining funds from the renewable energy fund shall be awarded to projects and initiatives in the nonresidential sector which includes commercial and industrial sited renewable energy projects, existing generators, and developers of new commercial-scale renewable generation and initiatives in New Hampshire.

4 Effective Date. This act shall take effect upon its passage.

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