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1 Electric Utility Restructuring; Restructuring Policy Principles; Universal Service. Amend 374-F:3, V(c) to read as follows:
(c) Default service should be designed to provide a safety net and to assure universal access and system integrity . Default service should be procured through the competitive market and may be administered by independent third parties. Any prudently incurred costs arising from compliance with the renewable portfolio standards of RSA 362-F for default service or purchased power agreements shall be recovered through the default service charge . The allocation of the costs of administering default service should be borne by the customers of default service in a manner approved by the commission. If the commission determines it to be in the public interest, the commission may implement measures to discourage misuse, or long-term use, of default service. Revenues, if any, generated from such measures should be used to defray stranded costs.
2 Repeal. RSA 374-F:3,V(d), (e) and (f), relative to electric utility restructuring policy principles regarding universal service, are repealed.
3 Effective Date. This act shall take effect upon its passage.
Text to be added highlighted in green.
1 Electric Utility Restructuring; Restructuring Policy Principles; Universal Service. Amend 374-F:3, V(c) to read as follows:
(c) Default service should be designed to provide a safety net and to assure universal access and system integrity , minimize customer risk, not unduly harm the development of competitive markets, and mitigate against price volatility without creating new deferred costs . Default service should be procured through the competitive market and may be administered by independent third parties. Any prudently incurred costs arising from compliance with the renewable portfolio standards of RSA 362-F for default service or purchases of power, capacity, and ancillary services to serve default service shall be recovered through default service charges . To the extent there are separate utility default service rates, the costs to serve customers on those separate default service rates, including any prior period under- or over- collections, shall be recovered through the respective future default service rates over no more than one year. The allocation of the costs of administering default service should be borne by the customers of default service in a manner approved by the commission. If the commission determines it to be in the public interest, the commission may implement measures to discourage misuse, or long-term use, of default service. Revenues, if any, generated from such measures should be used to defray stranded costs.
2 Repeal. RSA 374-F:3,V(d), (e) and (f), relative to electric utility restructuring policy principles regarding universal service, are repealed.
3 Effective Date. This act shall take effect upon its passage.