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1 New Section; Energy Facility Siting; Decommissioning Costs of natural Gas Facilties. Amend RSA 162-H by inserting after section 10-b the following new section:
162-H:10-c Decommissioning Costs of Natural Gas Facilties.
I. A proposed energy facility consisting of gas plants, equipment, and associated facilities designed to use any, or a combination of, natural gas, propane gas and liquefied natural gas, including gas pipelines, natural gas liquefication plants, gas storage facilities, and gas pressurizing stations, shall be required to include decommissioning costs of a proposed facility, as determined or approved by the committee, in an application under this chapter.
II. Upon obtaining a certificate to construct the natural gas energy facility, an amount equal to 25 percent of the decommissioning costs shall be kept and maintained by the facility in a separate fund to be used for decommissioning, protecting customer subscribers in the event of significant changes in regulatory procedures that do not allow continuation of services provided, or any other discontinuance of services provided.
III. The public utilities commission shall adopt rules for the compliance, audit, and use of the funds required to be kept under paragraph II.
2 Effective Date. This act shall take effect January 1, 2021.
Text to be added highlighted in green.
1 New Section; Energy Facility Siting; Decommissioning Costs of natural Gas Facilties. Amend RSA 162-H by inserting after section 10-b the following new section:
162-H:10-c Decommissioning Costs of Natural Gas Facilties.
I. A proposed energy facility consisting of gas plants, equipment, and associated facilities designed to use any, or a combination of, natural gas, propane gas and liquefied natural gas, including gas pipelines, natural gas liquefication plants, gas storage facilities, and gas pressurizing stations, shall be required to include decommissioning costs of a proposed facility, as determined or approved by the committee, in an application under this chapter.
II. Upon obtaining a certificate to construct the natural gas energy facility, an amount equal to 25 percent of the decommissioning costs shall be kept and maintained by the facility in a separate fund to be used for decommissioning, protecting customer subscribers in the event of significant changes in regulatory procedures that do not allow continuation of services provided, or any other discontinuance of services provided.
III. The public utilities commission shall adopt rules for the compliance, audit, and use of the funds required to be kept under paragraph II.
2 Effective Date. This act shall take effect January 1, 2021.