Text to be removed highlighted in red.
1 Renewable Portfolio Standard; Phase Out. Amend the introductory paragraph of RSA 362-F:3 to read as follows:
362-F:3 Minimum Electric Renewable Portfolio Standards. For each year specified in the table below, each provider of electricity shall obtain and retire certificates sufficient in number and class type to meet or exceed the following percentages of total megawatt-hours of electricity supplied by the provider to its end-use customers that year, except to the extent that the provider makes payments to the renewable energy fund under RSA 362-F:10, II:
2 New Section; Phase Out of Electric Renewable Portfolio Minimum Standard. Amend RSA 362-F by inserting after section 3-a the following new section:
362-F:3-b Phase Out of Minimum Electric Renewable Portfolio Standards. The department of energy shall implement a phase out of the minimum electric renewable portfolio standard requirements under RSA 362-F:3 by 2028. For each year after calendar year 2023, the department shall determine and administer a 20 percent reduction in the minimum percentages for renewable generation in each Class from the percentages applicable in 2023. Beginning in 2024, electric utilities may offer default service customers up to 100 percent qualified renewable resource generated power.
3 New Paragraph; Department of Energy Review and Report; Phase Out Provisions. Amend RSA 362-A:5 by inserting after paragraph IX the following new paragraph:
X. The required changes necessary for phasing out the minimum electric renewable portfolio standards as required by RSA 362-F:3-b.
4 Repeal; December 31, 2028. RSA 362-F:3, relative to the minimum electric renewable portfolio standards, is repealed.
5 Effective Date.
I. Section 4 of this act shall take effect December 31, 2028.
II. The remainder of this act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 Renewable Portfolio Standard; Phase Out. Amend the introductory paragraph of RSA 362-F:3 to read as follows:
362-F:3 Minimum Electric Renewable Portfolio Standards. For each year specified in the table below, subject to the phase-out requirements ofRSA 362-F:3-b, each provider of electricity shall obtain and retire certificates sufficient in number and class type to meet or exceed the following percentages of total megawatt-hours of electricity supplied by the provider to its end-use customers that year, except to the extent that the provider makes payments to the renewable energy fund under RSA 362-F:10, II:
2 New Section; Phase Out of Electric Renewable Portfolio Minimum Standard. Amend RSA 362-F by inserting after section 3-a the following new section:
362-F:3-b Phase Out of Minimum Electric Renewable Portfolio Standards. The department of energy shall implement a phase out of the minimum electric renewable portfolio standard requirements under RSA 362-F:3 by 2028. For each year after calendar year 2023, the department shall determine and administer a 20 percent reduction in the minimum percentages for renewable generation in each Class from the percentages applicable in 2023. Beginning in 2024, electric utilities may offer default service customers up to 100 percent qualified renewable resource generated power.
3 New Paragraph; Department of Energy Review and Report; Phase Out Provisions. Amend RSA 362-A:5 by inserting after paragraph IX the following new paragraph:
X. The required changes necessary for phasing out the minimum electric renewable portfolio standards as required by RSA 362-F:3-b.
4 Repeal; December 31, 2028. RSA 362-F:3, relative to the minimum electric renewable portfolio standards, is repealed.
5 Effective Date.
I. Section 4 of this act shall take effect December 31, 2028.
II. The remainder of this act shall take effect 60 days after its passage.