Text to be removed highlighted in red.
1 Purpose. Amend RSA 374-G:1 to read as follows:
374-G:1 Purpose. Distributed energy resources can increase overall energy efficiency and provide energy security and diversity by eliminating, displacing, or better managing traditional fossil fuel energy deliveries from the centralized bulk power grid, in keeping with the objectives of RSA 362-F:1. It is therefore in the public interest to stimulate investment in distributed energy resources in New Hampshire in diverse ways, including by encouraging New Hampshire electric public utilities to invest in renewable and clean distributed energy resources at the lowest reasonable cost to taxpayers benefiting the transmission and distribution system under state regulatory oversight.
2 New Section; Investments in Natural Gas and Nuclear Resources. Amend RSA 374-G by inserting after section 2 the following new section:
374-G:2-a Investments in Natural Gas and Nuclear Energy Resources.
I. Notwithstanding any other provision of law to the contrary, a New Hampshire electric utility may invest in or own natural gas or nuclear energy resources, located on or interconnected to the local electric distribution system.
II. The cumulative nameplate capacity in megawatts of natural gas and nuclear electric generation owned by or receiving investments from an electric utility under this section shall not exceed 10 percent of the utility's total distribution peak load in megawatts.
3 Rate Filing; Authorization. Amend the introductory paragraph for RSA 374-G:5, I to read as follows:
I. A New Hampshire electric public utility may seek rate recovery for its portion of investments in distributed energy resources from the commission by making an appropriate rate filing. At a minimum, such filing shall include the following:
4 Rate Filing; Authorization. Amend the introductory paragraph for RSA 374-G:5, III to read as follows:
II. Prior to authorizing a utility's recovery of investments made in distributed energy resources , the commission shall determine that the utility's investment and its recovery in rates, as proposed, are in the public interest. Determination of the public interest under this section shall include giving a balanced consideration and proportional weight to each of the following factors:
5 Repeal. The following are repealed:
I. RSA 374-G:3, V, relative to electric generation equipment funded by public utility and their requirements.
II. RSA 374-G:4, III, relative to investments in distributed energy resources.
6 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 Purpose. Amend RSA 374-G:1 to read as follows:
374-G:1 Purpose. Distributed energy resources can increase overall energy efficiency and provide energy security and diversity by eliminating, displacing, or better managing traditional fossil fuel energy deliveries from the centralized bulk power grid, in keeping with the objectives of RSA 362-F:1. It is therefore in the public interest to stimulate investment in distributed energy resources in New Hampshire in diverse ways, including by encouraging New Hampshire electric public utilities to invest in renewable and clean distributed energy resources at the lowest reasonable cost to taxpayers benefiting the transmission and distribution system under state regulatory oversight. Reliable, dispatchable, and controllable power generation must also be available to provide all essential electric service when distributed energy resources are not available. It is therefore in the public interest to stimulate investment in natural gas and nuclear technologies in order to provide reliable and efficient energy. Given the ability of natural gas and nuclear technology to provide reactive power, they ensure grid stability and support voltage regulation.
2 New Section; Investments in Natural Gas and Nuclear Resources. Amend RSA 374-G by inserting after section 2 the following new section:
374-G:2-a Investments in Natural Gas and Nuclear Energy Resources.
I. Notwithstanding any other provision of law to the contrary, a New Hampshire electric utility may invest in or own natural gas or nuclear energy resources, located on or interconnected to the local electric distribution system.
II. The cumulative nameplate capacity in megawatts of natural gas and nuclear electric generation owned by or receiving investments from an electric utility under this section shall not exceed 10 percent of the utility's total distribution peak load in megawatts.
3 Rate Filing; Authorization. Amend the introductory paragraph for RSA 374-G:5, I to read as follows:
I. A New Hampshire electric public utility shall be eligible seek rate recovery for its portion of investments in natural gas and nuclear energy resources , in addition to distributed energy resources, from the commission by making an appropriate rate filing. At a minimum, such filing shall include the following:
4 Rate Filing; Authorization. Amend the introductory paragraph for RSA 374-G:5, III to read as follows:
II. Prior to authorizing a utility's recovery of investments made in natural gas or nuclear distributed energy resources, or other distributed energy resources , the commission shall determine that the utility's investment and its recovery in rates, as proposed, are in the public interest. Determination of the public interest under this section shall include giving a balanced consideration and proportional weight to each of the following factors:
5 Repeal. The following are repealed:
I. RSA 374-G:3, V, relative to electric generation equipment funded by public utility and their requirements.
II. RSA 374-G:4, III, relative to investments in distributed energy resources.
6 Effective Date. This act shall take effect 60 days after its passage.