HB 1691-FN - AS INTRODUCED
2016 SESSION
\t16-2132
\t06/09
HOUSE BILL\t1691-FN
AN ACT\tmaking certain changes to the renewable portfolio standard.
SPONSORS:\tRep. Vose, Rock. 9; Rep. D. Thomas, Rock. 5; Rep. Vadney, Belk. 2; Rep. Fromuth, Hills. 7
COMMITTEE:\tScience, Technology and Energy
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ANALYSIS
\tThis bill modifies provisions of the electric renewable portfolio standard.
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Explanation:\tMatter added to current law appears in bold italics.
\t\tMatter removed from current law appears [in brackets and struckthrough.]
\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
\t16-2132
\t06/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\tmaking certain changes to the renewable portfolio standard.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t1 Electric Renewable Energy Classes. Amend the introductory paragraph of RSA 362-F:4, I to read as follows:
\t\tI. Class I (New) shall include the production of electricity or useful thermal energy from any of the following, provided the source began operation after January 1, [2006] 1998, except as noted below:
\t2 Minimum Electric Renewable Portfolio Standards. Amend RSA 362-F:3 to read as follows:
\t362-F:3 Minimum Electric Renewable Portfolio Standards. For each year specified in the table below, each provider of electricity shall obtain and retire certificates sufficient in number and class type to meet or exceed the following percentages of total megawatt-hours of electricity supplied by the provider to its end-use customers that year, except to the extent that the provider makes payments to the renewable energy fund under RSA 362-F:10, II:
\t2008\t2009 \t2010\t2011\t2012\t 2013 \t2014 \t2015 \t2025
and thereafter
Class I\t 0.0%\t 0.5%\t1% \t2%\t3% \t3.8% \t5%\t\t6%\t15%(*)
Class II\t0.0%\t0.0%\t 0.04%\t0.08%\t 0.15%\t0.2% \t0.3% \t\t0.3%\t\t0.3%
Class III\t3.5%\t4.5%\t\t5.5%\t 6.5%\t1.4%\t1.5% \t3.0% \t\t8.0% \t\t8.0%
Class IV\t0.5%\t1%\t1%\t1%\t1% \t1.3% \t1.4%\t\t1.5%\t\t1.5%
*Class I increases an additional 0.9 percent per year from 2015 through 2025. A set percentage of the class I totals shall be satisfied annually by the acquisition of renewable energy certificates from qualifying renewable energy technologies producing useful thermal energy as defined in RSA 362-F:2, XV-a. The set percentage shall be 0.4 percent in 2014, [0.6] 0.4 percent in 2015, [1.3] 0.4 percent in 2016, and increased annually by 0.1 percent per year from 2017 through 2023, after which it shall remain unchanged. Classes II-IV remain at the same percentages from 2015 through 2025 except as provided in RSA 362-F:4, V-VI.
\t3 Electric Renewable Portfolio Standard; Information Collection RSA 362-F:8 is repealed and reenacted to read as follows:
\t362-F:8 Information Collection.
\t\tI. By July 1 of each year, each provider of electricity shall submit a report to the commission or cause a report to be submitted by the administrator of the NEPOOL Generation Information System to the commission, in a form approved by the commission, documenting its compliance with the requirements of this chapter for the prior year. The report shall also include the number of renewable energy credits that were purchased during the prior year and identify the class of each renewable energy credit and source of the renewable energy credit.
\t\tII. By July 1 of each year, each certified New Hampshire renewable energy credit provider shall submit a report to the commission or cause a report to be submitted by the administrator of the NEPOOL Generation Information System to the commission, in a form approved by the commission, documenting the number of renewable energy credits that were produced during the prior year on a monthly basis and the class of each renewable energy credit.
\t\tIII. The information under paragraphs I and II shall be disclosed as public information by the commission as part of it annual reporting pursuant to RSA 362-F:10, IV. The commission may investigate compliance and collect any information necessary to verify and audit the information provided to the commission by providers of electricity and renewable energy credits.
\t4 Electric Renewable Portfolio Standard; Renewable Energy Fund. Amend RSA 362-F:10, II(a) to read as follows:
\t\t\t(a) Class I--[$55] $56, except for that portion of the class electric renewable portfolio standards to be met by qualifying renewable energy technologies producing useful thermal energy under RSA 362-F:3 which shall be $25 beginning January 1, 2013.
\t5 Repeal. RSA 362-F, relative to the electric renewable portfolio standard, is repealed.
\t\tI. Section 5 of this act shall take effect December 31, 2020.
\t\tII. The remainder of this bill shall take effect 60 days after its passage.
\t\t\t\t\t\t\t\t\t\t\t16-2132
\t\t\t\t\t\t\t\t\t\t\tRevised 1/27/16
HB 1691-FN- FISCAL NOTE
AN ACT\tmaking certain changes to the renewable portfolio standard.
FISCAL IMPACT:
The New Hampshire Public Utilities Commission states this bill, as introduced, will have an indeterminable impact on state, county, and local revenue and expenditures in FY 2016 and each year thereafter.
METHODOLOGY:
The Public Utilities Commission states this bill makes the following changes to the existing renewable portfolio standard statute, RSA 362-F:
The Commission states the changes above will influence the amount of funds received in the Renewable Energy Fund, but it is not possible to predict either the nature or quantity of such changes. As a result, the Commission indicates the fiscal impact of this bill cannot be determined.