Revision: March 27, 2014, midnight
SB 268 – AS INTRODUCED
2014 SESSION
06/01
SENATE BILL 268
AN ACT relative to allocations from the energy efficiency fund.
SPONSORS: Sen. Fuller Clark, Dist 21; Rep. Borden, Rock 24; Rep. Raymond, Belk 4
COMMITTEE: Energy and Natural Resources
This bill permits the public utilities commission to allocate certain proceeds from the sale of allowances to entities managing statewide, all-fuels, comprehensive energy efficiency programs that have been approved by the commission through a competitive process.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
14-2703
06/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Fourteen
AN ACT relative to allocations from the energy efficiency fund.
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, III to read as follows:
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 which are approved by the commission and funded by SBC funds or to entities managing statewide, all-fuels, comprehensive energy efficiency programs that have been approved by the commission through a competitive process. In allocating the proceeds, the commission shall first allocate at least 15 percent of the amount of the proceeds to the low-income core energy efficiency program. Beginning January 1, 2014, the core utilities shall dedicate up to $2,000,000 of these remaining RGGI proceeds annually for municipal and local government energy efficiency projects, including projects by local governments that have their own municipal utilities. Funding elements shall include, but not be limited to, funding for direct technical and project management assistance to identify and encourage comprehensive projects and incentives structured to assist municipal and local governments funding energy efficiency projects. In calendar years 2014, 2015, and 2016, any unused funds allocated to municipal and local government projects under this paragraph remaining at the end of the year shall roll over and be added to the new calendar year program funds and continue to be made available exclusively for municipal and local government projects. Beginning in calendar year 2017, and all subsequent years, funds allocated to municipal and local government projects under this paragraph shall be offered first to municipal and local governments as described in this paragraph for no less than 4 full calendar months. If, at the end of this time, municipal and local governments have not submitted requests for eligible projects that will expend the funds allocated to municipal and local government projects under this paragraph within that program year, the funds shall be offered on a first-come, first-serve basis to business and municipal customers who fund the system benefits charge.
2 Effective Date. This act shall take effect 60 days after its passage.