Revision: Jan. 27, 2017, 8:46 a.m.
HB 493 - AS INTRODUCED
2017 SESSION
17-0379
06/03
HOUSE BILL 493
AN ACT relative to evaluating the public interest of gas pipeline capacity contracts.
SPONSORS: Rep. McConnell, Ches. 12; Rep. Roberts, Hills. 4; Rep. Lewicke, Hills. 26; Rep. O'Day, Ches. 11; Rep. Oxenham, Sull. 1; Sen. Avard, Dist 12; Sen. Sanborn, Dist 9
COMMITTEE: Science, Technology and Energy
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This bill requires the public utilities commission to determine if certain gas pipeline capacity contracts are in the public interest.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
17-0379
06/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seventeen
AN ACT relative to evaluating the public interest of gas pipeline capacity contracts.
Be it Enacted by the Senate and House of Representatives in General Court convened:
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.