Revision: April 15, 2013, midnight
SB 123-FN-LOCAL – AS AMENDED BY THE SENATE
03/14/13 0804s
2013 SESSION
09/05
SENATE BILL 123-FN-LOCAL
AN ACT relative to the use of proceeds from the regional greenhouse gas initiative program.
SPONSORS: Sen. Stiles, Dist 24; Sen. Bradley, Dist 3; Sen. Odell, Dist 8; Sen. Fuller Clark, Dist 21; Rep. Kaen, Straf 5; Rep. Flanagan, Hills 26; Rep. Borden, Rock 24; Rep. John Hunt, Ches 11; Rep. Copeland, Rock 19
COMMITTEE: Energy and Natural Resources
This bill dedicates certain proceeds from the regional greenhouse gas initiative (RGGI) program to municipal and local government energy efficiency projects. This bill also requires rebates of allowance sale proceeds to be made to all electric ratepayers.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/14/13 0804s
13-0496
09/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Thirteen
AN ACT relative to the use of proceeds from the regional greenhouse gas initiative program.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Energy Efficiency Fund and Use of Auction Proceeds. Amend RSA 125-O:23, II-III to read as follows:
II. All amounts in excess of the threshold price of $1 for any allowance sale shall be rebated to all [default service] electric ratepayers in the state on a per-kilowatt-hour basis, in a timely manner to be determined by the commission.
III. All remaining proceeds received by the state from the sale of allowances shall be allocated by the commission as an additional source of funding to electric distribution companies for core energy efficiency programs that are funded by SBC funds. For each biennium beginning July 1, 2013, up to $2,000,000 of these remaining RGGI proceeds shall be dedicated annually to program awards for municipal and local government energy efficiency projects, including local governments that have their own municipal utilities. Program awards shall be made on a competitive application basis under the authority of the core energy efficiency program.
2 Program Evaluation. The public utilities commission shall not evaluate and approve core energy efficiency programs under RSA 125-O:23 solely on the basis of a total resource cost (TRC) ratio of one or greater, but shall evaluate such programs in the same manner as core educational and/or Smart Start programs are evaluated.
3 Effective Date. This act shall take effect July 1, 2013.
LBAO
13-0496
Revised 04/10/13
Amended 03/18/13
SB 123 FISCAL NOTE
AN ACT relative to the use of proceeds from the regional greenhouse gas initiative program.
FISCAL IMPACT:
The Public Utilities Commission and Department of Environmental Services state this bill, as amended by the Senate (Amendment #2013-0804s), will increase local revenue by an indeterminable amount, and have an indeterminable impact on state, county, and local expenditures in FY 2014 and each year thereafter. There is no fiscal impact on state and county revenue.
METHODOLOGY:
The Public Utilities Commission and Department of Environmental Services state this bill directs that for the biennium beginning July 1, 2013, up to $2,000,000 of regional greenhouse gas initiative proceeds be dedicated annually to program awards for municipal and local government energy efficiency projects, including local governments that have their own municipal utilities. The Commission and Department state the awards to the local governments are to be made on the basis of a competitive application process under the authority of the Core energy efficiency program. The Commission and Department state that by allocating up to $2,000,000 annually to municipal and local governments for energy efficiency upgrades, the bill may reduce municipal and local electricity and fuel usage, decreasing costs to an indeterminable extent. Further, to the extent that the Core energy efficiency offerings to municipal and local governments must be offered on a competitive basis rather than the current first-come, first serve basis, the bill may increase the administrative costs of the Core energy efficiency programs by an indeterminable amount and thus slightly reduce funds available for energy efficiency measures.