This bill amends existing laws related to electric utility restructuring by introducing a new definition for "small modular reactors" (SMRs) and modifying the definition of "distributed energy resources" to include SMRs. Specifically, it adds a new paragraph to RSA 374-F:2, defining SMRs as advanced nuclear reactors with a power capacity of up to 300 MW per unit. Additionally, the bill revises RSA 374-G:2, I(b) to incorporate the new SMR definition into the broader category of distributed energy resources, which encompasses various energy technologies aimed at enhancing efficiency and reducing costs in the electric distribution system.

The bill also outlines the framework for the approval, construction, and operation of microgrids, emphasizing the importance of renewable energy sources and establishing oversight by the Public Utilities Commission (PUC) to ensure reliability and consumer protection. The fiscal impact of the bill is uncertain, with estimates ranging from no impact to potential costs of up to $500,000 annually, depending on the volume of microgrid applications submitted. The PUC may need to hire additional staff to manage increased workloads, while the Department of Energy anticipates no impact on its expenditures or revenues. The act is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 374-F:2, 374-G:2
As Amended by the Senate: 374-F:2