Revision: April 29, 2026, 10:32 a.m.
Senate Energy and Natural Resources
April 28, 2026
2026-1705s
04/05
Amendment to HB 1775-FN
Amend the bill by replacing section 1 with the following:
1 Purpose; Electric Utility Investment in Distributed Energy Resources. 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 renewable distributed energy resources, including storage, are not sufficient. It is therefore in the public interest to stimulate investment in natural gas, hydrogen, and nuclear technologies, including battery storage, to ensure reliable and efficient energy in addition to renewable and clean distributed energy resources. Given the ability of nuclear technology to provide reactive power, it also ensures grid stability and supports voltage regulation.
Amend the bill by replacing sections 3 and 4 with the following:
3 Rate Filing; Authorization. Amend the introductory paragraph of RSA 374-G:5, I to read as follows:
I. A New Hampshire electric public utility may be eligible to seek rate recovery for its portion of investments in [distributed] natural gas and nuclear energy resources, in addition to renewable 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, II to read as follows:
II. Prior to authorizing a utility's recovery of investments made in [distributed energy resources] 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:
2026-1705s
AMENDED ANALYSIS
This bill:
I. Expands the purpose of RSA 374-G to include investment in natural gas, hydrogen, and nuclear technologies for grid reliability.
II. Authorizes electric utilities to own or invest in such resources up to 10 percent of peak load.
III. Allows rate recovery eligibility for those investments.
IV. Repeals certain limitations on utility-funded generation equipment and prior investment restrictions.