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 condominium associations that do not allow commercial or business enterprises. Specifically, it adds new language to RSA 378:1, stating that residential electric rates will apply to these utilities in such condominiums, thereby providing a financial benefit to residents by allowing them to pay lower rates typically reserved for domestic use. Additionally, the bill modifies RSA 356-B:16, I(e) to include provisions regarding the designation of limited common areas and the allowance of commercial enterprises within condominium units.

Furthermore, the bill clarifies the definition of public utilities in RSA 362:2, II, by including specific references to the applicability of certain provisions to rural electric cooperatives, ensuring that they are subject to the same regulations as other utilities. The act is set to take effect 60 days after its passage, allowing time for the necessary adjustments to be made by the relevant authorities. Overall, this legislation aims to enhance the affordability of utility services for residents of condominiums while maintaining regulatory oversight of electric cooperatives.

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