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." 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, it updates RSA 374-G:2, I(b) to include SMRs in the definition of distributed energy resources, which encompasses various energy technologies aimed at enhancing efficiency and reducing costs in the electric distribution system.

The bill also establishes a framework for the approval, construction, and operation of microgrids, emphasizing the importance of renewable energy sources and ensuring oversight by the Public Utilities Commission (PUC) to maintain reliability and consumer protection. The PUC anticipates that the bill could have a fiscal impact ranging from no effect to up to $500,000 annually, depending on the number of microgrid applications received, which may necessitate additional staffing to manage the increased workload. The bill 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