SB113 (2021) Detail

Relative to the alternative compliance payments for renewable energy obligations not met through the purchase of renewable energy credits.


SB 113 - AS INTRODUCED

 

 

2021 SESSION

21-0901

10/06

 

SENATE BILL 113

 

AN ACT relative to the alternative compliance payments for renewable energy obligations not met through the purchase of renewable energy credits.

 

SPONSORS: Sen. Bradley, Dist 3; Sen. Watters, Dist 4; Sen. Giuda, Dist 2; Sen. Perkins Kwoka, Dist 21; Rep. Gordon, Graf. 9; Rep. Pearl, Merr. 26; Rep. Merner, Coos 7; Rep. Lang, Belk. 4

 

COMMITTEE: Energy and Natural Resources

 

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

 

ANALYSIS

 

This bill sets the alternative compliance payment at $55 per megawatt hour to the renewable energy fund for electric distribution utility requirements not satisfied by renewable energy credits.  This bill also changes the rate adjustments for certain class obligations.

 

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

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

21-0901

10/06

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty One

 

AN ACT relative to the alternative compliance payments for renewable energy obligations not met through the purchase of renewable energy credits.

 

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

 

1  Findings and Purpose.  The general court hereby finds that renewable energy policies should be technology neutral, so that one resource is not arbitrarily favored over another.

2  Electric Renewable Portfolio Standards; Electric Renewable Energy Classes.  Amend RSA 362-F:4, I (c) to read as follows:

(c)  Hydrogen derived from biomass fuels, water, or methane gas.

3  Electric Renewable Portfolio Standards; Renewable Energy Fund.  Amend RSA 362-F:10, II-III to read as follows:

II.  In lieu of meeting the portfolio requirements of RSA 362-F:3 for a given year if, and to the extent sufficient certificates are not otherwise available at a price below the amounts specified in this paragraph, an electricity provider may, at the time of report submission for that year under RSA 362-F:8, make payment to the commission at the following rates for each megawatt-hour not met for a given class obligation through the acquisition of certificates:

(a)  Class I-$55, except for that portion of the class electric renewable portfolio standards to be met by qualifying renewable energy technologies producing useful thermal energy under RSA 362-F:3 which shall be [$25] $55 beginning January 1, [2013] 2021.

(b)  Class II-$55.

(c)  Class III-[$31.50] $55 beginning January 1, 2021.

(d)  Class IV-[$26.50] $55 beginning January 1, 2021

III.(a)  Beginning in 2013 for Class I (except for useful thermal energy under RSA 362-F:3) and Class II, and beginning in 2022 for Class I qualifying renewable energy technologies producing useful thermal energy under RSA 362-F:3, Class III, and Class IV, the commission shall adjust these rates by January 31 of each year using 1/2 of the Consumer Price Index as published by the Bureau of Labor Statistics of the United States Department of Labor [for classes III and IV and 1/2 of such Index for classes I and II].

(b)  [In lieu of the adjustments under subparagraph (a) for class III in 2015 and 2016, the class rate in each of those years shall be $45.  In lieu of the adjustments under subparagraph (a) for class III in 2017, 2018, and 2019, the class rate in each of those years shall be $55.

(c)  By January 31, 2020 the commission shall compute the 2020 class III rate to equal the rate that would have resulted in 2020 by the application of subparagraph (a) to the 2013 rate and each subsequent year's rate to 2020.

(d)  In 2021 and thereafter, the class III rate shall be determined by application of subparagraph (a) to the prior year's rate] The 2020 class rates for all classes are those in effect on December 1, 2020 as posted by the commission.

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

Links

SB113 at GenCourtMobile
SB113 Discussion

Action Dates

Date Body Type
March 15, 2021 Senate Hearing
April 1, 2021 Senate Floor Vote
May 3, 2021 House Hearing
May 24, 2021 House Exec Session
May 24, 2021 House Exec Session
Oct. 26, 2021 House Exec Session
March 15, 2021 Senate Hearing
April 1, 2021 Senate Floor Vote
May 3, 2021 House Hearing
May 24, 2021 House Exec Session

Bill Text Revisions

SB113 Revision: 32049 Date: Jan. 29, 2021, 10:22 a.m.

Docket


: Committee Report: Refer for Interim Study SB113 11/15/2021 (Vote 19-2; CC)


Nov. 16, 2021: Committee Report: Refer for Interim Study SB113 11/15/2021 (Vote 19-2; CC)


Oct. 26, 2021: Executive Session: 10/26/2021 10:00 a.m. LOB302-304


Sept. 10, 2021: Subcommittee Work Session: 09/29/2021 10:00 am LOB 302-304


Sept. 29, 2021: Subcommittee Work Session: 09/29/2021 10:00 am LOB 302-304


May 25, 2021: Retained in Committee


: Retained in Committee


May 18, 2021: Executive Session: 05/24/2021 10:00 am Members of the public may attend using the following link: To join the webinar: https://www.zoom.us/j/94155532481


May 24, 2021: Executive Session: 05/24/2021 10:00 am Members of the public may attend using the following link: To join the webinar: https://www.zoom.us/j/94155532481


May 24, 2021: Executive Session: 05/24/2021 11:00 am Members of the public may attend using the following link: To join the webinar: https://www.zoom.us/j/97007749508


April 20, 2021: Public Hearing: 05/03/2021 10:00 am Members of the public may attend using the following link: To join the webinar: https://www.zoom.us/j/93424176488 / Executive session on pending legislation may be held throughout the day (time permitting) from the time the committee is initially convened.


May 3, 2021: Public Hearing: 05/03/2021 10:00 am Members of the public may attend using the following link: To join the webinar: https://www.zoom.us/j/93424176488 / Executive session on pending legislation may be held throughout the day (time permitting) from the time the committee is initially convened.


April 9, 2021: Introduced (in recess of) 04/09/2021 and referred to Science, Technology and Energy HJ 7 P. 100


April 13, 2021: Introduced (in recess of) 04/09/2021 and referred to Science, Technology and Energy HJ 7 P. 100


April 1, 2021: Ought to Pass: RC 23Y-1N, MA; OT3rdg; 04/01/2021; SJ 10


April 1, 2021: Ought to Pass: RC 23Y-1N, MA; OT3rdg; 04/01/2021; SJ 10


April 1, 2021: Committee Report: Ought to Pass, 04/01/2021; Vote 5-0; CC; SC 17


March 23, 2021: Committee Report: Ought to Pass, 04/01/2021; Vote 5-0; CC; SC 17


March 15, 2021: Remote Hearing: 03/15/2021, 01:45 pm; Links to join the hearing can be found in the Senate Calendar; SC 15


March 9, 2021: Remote Hearing: 03/15/2021, 01:45 pm; Links to join the hearing can be found in the Senate Calendar; SC 15


Jan. 6, 2021: Introduced 01/06/2021 and Referred to Energy and Natural Resources; SJ 3


Jan. 29, 2021: Introduced 01/06/2021 and Referred to Energy and Natural Resources; SJ 3