HB111 (2018) Detail

Relative to recovery of stranded costs on certain purchased power agreements.


HB 111 - AS INTRODUCED

 

 

2017 SESSION

17-0307

06/01

 

HOUSE BILL 111

 

AN ACT relative to recovery of stranded costs on certain purchased power agreements.

 

SPONSORS: Rep. Harrington, Straf. 3; Rep. Weyler, Rock. 13

 

COMMITTEE: Science, Technology and Energy

 

-----------------------------------------------------------------

 

ANALYSIS

 

This bill provides that costs of purchased power agreements prior to July 9, 2015 shall only be collected through the default service charge.

 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

17-0307

06/01

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT relative to recovery of stranded costs on certain purchased power agreements.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  Public Utilities Commission; Restructuring of PSNH Ownership of Generation Assets; Recovery of Costs.  Amend 2015, 221:14 to read as follows:

221:14  Public Utilities Commission; Restructuring of PSNH Ownership of Generation Assets; Recovery of Costs.  Notwithstanding RSA 374-F:3, V(c), the commission may approve recovery of net over-market costs of purchased power agreements entered into pursuant to RSA 362-F:9 and approved by the commission after July 9, 2015 through a stranded cost charge as part of a comprehensive restructuring of PSNH’s ownership of generation assets.  Any cost associated with purchased power agreements approved by the commission prior to July 9, 2015 shall only be collected through the default service charge and any portion of a commission order authorizing any other method of collection of costs shall be null and void.

2  Effective Date.  This act shall take effect 60 days after its passage.

Links

HB111 at GenCourtMobile

Action Dates

Date Body Type
Jan. 18, 2017 House Hearing
Jan. 24, 2017 House Exec Session
Oct. 25, 2017 House Exec Session
Jan. 3, 2018 House Floor Vote

Bill Text Revisions

HB111 Revision: 2473 Date: Jan. 30, 2017, 3:52 p.m.

Docket

Date Status
Jan. 4, 2017 Introduced 01/04/2017 and referred to Science, Technology and Energy HJ 2 P. 17
Jan. 18, 2017 Public Hearing: 01/18/2017 09:30 AM LOB 304
Jan. 24, 2017 Full Committee Work Session: 01/24/2017 10:00 AM LOB 304
Jan. 24, 2017 Executive Session: 01/24/2017 01:00 PM LOB 304
Retained in Committee
Sept. 6, 2017 Retained Bill Full Committee Work Session: 09/06/2017 01:30 PM LOB 304
Sept. 21, 2017 Retained Bill Subcommittee Work Session: 09/21/2017 01:00 PM LOB 304
Oct. 25, 2017 ==CANCELLED== Executive Session: 10/25/2017 01:00 PM LOB 304
Oct. 25, 2017 Retained Bill Full Committee Work Session: 10/25/2017 01:00 PM LOB 304
Oct. 25, 2017 ==RESCHEDULED== Executive Session: 10/25/2017 02:00 PM LOB 304
Jan. 3, 2018 Committee Report: Inexpedient to Legislate for 01/03/2018 (Vote 21-0; CC)
Jan. 3, 2018 Inexpedient to Legislate: MA VV 01/03/2018 HJ 1 P. 40