SB 338 – AS INTRODUCED
2010 SESSION
03/09
SENATE BILL 338
AN ACT relative to modification of PSNH generation assets.
SPONSORS: Sen. Fuller Clark, Dist 24; Sen. Janeway, Dist 7; Rep. R. Read, Rock 16; Rep. Pastor, Graf 9
COMMITTEE: Energy, Environment and Economic Development
This bill clarifies the requirements for modifications of PSNH generation assets.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10-2913
03/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT relative to modification of PSNH generation assets.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Modification of PSNH Generation Assets. Amend RSA 369-B:3-a to read as follows:
369-B:3-a Divestiture of PSNH Generation Assets. The sale of PSNH fossil and hydro generation assets shall not take place before April 30, 2006. Notwithstanding RSA 374:30, subsequent to April 30, 2006, PSNH may divest its generation assets if the commission finds that it is in the economic interest of retail customers of PSNH to do so, and provides for the cost recovery of such divestiture. Prior to any divestiture of its generation assets, PSNH may modify or retire such generation assets if the commission finds that it is in the public interest of retail customers of PSNH to do so, and provides for the cost recovery of such modification or retirement. PSNH shall not begin any modification of a generation asset prior to the commission finding, pursuant to a review in accordance with rules adopted for such purpose and following a hearing to receive public comments, that the modification is in the public interest of retail customers of PSNH.
2 Effective Date. This act shall take effect 60 days after its passage.