Bill Text - HB111 (2018)

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


Revision: Jan. 30, 2017, 3:52 p.m.

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

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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

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.