This bill amends existing laws to ensure that residential electric rates for domestic consumption are applicable to the well pump and septic system of individual units within residential condominium associations that do not allow commercial or business enterprises. Specifically, it modifies RSA 378:1 to include a new provision stating that residential electric rates will apply to these utilities in condominiums, thereby providing a financial benefit to residents by potentially lowering their utility costs. Additionally, the bill clarifies the definition of limited common areas in condominium instruments by specifying whether any commercial or business enterprises are permitted.

Furthermore, the bill includes a provision that exempts public utilities serving seasonal tourist attractions from certain regulations, while also ensuring that rural electric cooperatives remain subject to various provisions of the law, including the newly added section regarding residential electric rates. The effective date of the act is set for 60 days after its passage. Overall, the bill aims to enhance the affordability of utility services for residents of condominiums by applying residential rates to essential systems like well pumps and septic systems.

Statutes affected:
Introduced: 356-B:16, 378:1, 362:2