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1 New Section; Pipeline Capacity Contracts; Determination of Public Interest. Amend RSA 374 by inserting after section 7-a the following new section:
374:7-b Pipeline Capacity Contracts; Public Interest Determination. Pursuant to RSA 374:7, the commission shall determine whether any gas pipeline capacity contract with a term of more than one year is in the public interest. In evaluating the public interest, the commission shall specifically consider:
I. Whether such capacity contract reasonably protects ratepayers from the risk of stranded or other costs from excess capacity or otherwise;
II. Whether reasonably available alternatives providing the same or less risk would better serve the public interest; and
III. Whether such capacity contract is consistent with RSA. 378:37 and other state energy policies.
2 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 New Section; Pipeline Capacity Contracts; Determination of Public Interest. Amend RSA 374 by inserting after section 7-a the following new section:
374:7-b Pipeline Capacity Contracts; Public Interest Determination. Pursuant to RSA 374:7, the commission shall determine whether any gas pipeline capacity contract with a term of more than one year is in the public interest. In evaluating the public interest, the commission shall specifically consider:
I. Whether such capacity contract reasonably protects ratepayers from the risk of stranded or other costs from excess capacity or otherwise;
II. Whether reasonably available alternatives providing the same or less risk would better serve the public interest; and
III. Whether such capacity contract is consistent with RSA. 378:37 and other state energy policies.
2 Effective Date. This act shall take effect 60 days after its passage.