Revision: Dec. 23, 2019, 5:31 p.m.
SB 499 - AS INTRODUCED
2020 SESSION
20-3050
10/06
SENATE BILL 499
SPONSORS: Sen. Fuller Clark, Dist 21; Rep. McGhee, Hills. 40; Rep. Backus, Hills. 19
COMMITTEE: Energy and Natural Resources
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ANALYSIS
This bill requires the public utilities commission to establish performance incentives and penalty mechanisms that directly tie an electric utility's revenues to that utility's achievement on performance metrics.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
20-3050
10/06
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subdivision; Public Utilities Rates and Charges; Performance Incentive and Penalty Mechanisms. Amend RSA 378 by inserting after section 54 the following new subdivision:
Performance Incentive and Penalty Mechanisms
378:55 Performance Incentive and Penalty Mechanisms.
I. On or before January 1, 2021, the public utilities commission shall establish performance incentives and penalty mechanisms that directly tie an electric utility's revenues to that utility's achievement on performance metrics and break the direct link between allowed revenues and investment levels. The performance incentives and penalty mechanisms, as may be amended by the public utilities commission from time to time, shall apply to the regulation of electric utility rates under this chapter.
II. In developing performance incentive and penalty mechanisms, the public utilities commission's review of electric utility performance shall consider, but not be limited to, the following:
(a) Existing economic incentives and cost-recovery mechanisms;
(b) Volatility and affordability of electric rates and customer electric bills;
(c) Electric service reliability;
(d) Customer engagement and satisfaction, including customer options for managing electricity costs;
(e) Access to utility system information, including but not limited to public access to electric system planning data and aggregated customer energy use data and individual access to granular information about an individual customer's own energy use data;
(f) Rapid integration of renewable energy sources, including quality interconnection of customer-sited resources; and
(g) Timely execution of competitive procurement, third-party interconnection, and other business processes.
2 Effective Date. This act shall take effect 60 days after its passage.