This resolution calls on New Hampshire's congressional representatives to advocate for changes in the Federal Energy Regulatory Commission's (FERC) policies regarding the approval of costs associated with new and upgraded electric transmission projects. Currently, FERC operates under a presumption of prudence, meaning that it accepts these costs as just and reasonable without conducting a detailed review of individual projects. This practice has raised concerns as consumer utility costs continue to rise, prompting the need for more thorough scrutiny of large-scale utility investments to protect consumers.
The resolution emphasizes that while the New Hampshire Public Utilities Commission (PUC) reviews distribution system projects to ensure their costs are fair, the same level of scrutiny is not applied to transmission projects regulated by FERC. Therefore, the resolution urges Congress to take action to ensure that only costs deemed just and reasonable for new or upgraded electric transmission projects can be passed on to ratepayers. Copies of the resolution will be sent to various federal and state officials to promote awareness and support for this initiative.