This bill establishes a framework for "qualified transmission asset replacement projects" under RSA 162-H, defining such projects as those that maintain existing transmission line conditions without requiring new permits. It specifies that a "transmission asset replacement project" involves replacing 5% or more of transmission poles or towers within a five-year period. The bill modifies application and fee structures, introducing a reduced fee of $1,800 per mile for qualified projects, compared to the standard fee of $3,600 per mile for other electric transmission facilities. Additionally, it clarifies the roles of state agencies in site evaluation proceedings, granting automatic party status to the Department of Energy and the Office of the Consumer Advocate, and allows for expedited application reviews by eliminating public information sessions and hearings for qualified projects.

Moreover, SB 518 amends existing law regarding the issuance of certificates for these projects, requiring applicants to demonstrate sufficient financial, technical, and managerial capabilities. The site evaluation committee must assess whether issuing a certificate serves the public interest by evaluating the necessity of the facility, its economic benefits to New Hampshire ratepayers, and the absence of lower-cost alternatives. The bill also establishes a nonlapsing special fund, managed by the state treasurer, to cover the operating costs of the site evaluation committee, including compensation for energy facility proceedings. Notably, it replaces the term "proceeding" with "proceedings" in the context of funding and clarifies that costs incurred by the department may be charged directly to applicants or energy facility owners. The act is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 162-H:2, 162-H:7-b, 162-H:8-a, 162-H:10, 162-H:16, 162-H:21
SB518 text: 162-H:2, 162-H:7-b, 162-H:8-a, 162-H:10, 162-H:16, 162-H:21