Text to be removed highlighted in red.
1 Restructuring Policy Principles. Amend RSA 374-F:3, V(e) to read as follows:
(e) Notwithstanding any provision of subparagraphs (b) and (c), as competitive markets develop, the commission may approve alternative means of providing transition or default services which are designed to minimize customer risk, not unduly harm the development of competitive markets, and mitigate against price volatility without creating new deferred costs, if the commission determines such means to be in the public interest.
2 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 Restructuring Policy Principles. Amend RSA 374-F:3, V(e) to read as follows:
(e) Notwithstanding any provision of subparagraphs (b) and (c), as competitive markets develop, the commission may approve alternative means of providing transition or default services which are designed to minimize customer risk, not unduly harm the development of competitive markets, and mitigate against price volatility without creating new deferred costs, if the commission determines such means to be in the public interest. Any adjustment for over- or underpayment ( "true up") of rates needed as the result of a utility procuring supply in the competitive markets shall only be done by future changes to the default service rate. No true-up shall be collected as a nonbypassable charge.
2 Effective Date. This act shall take effect 60 days after its passage.