HB 1748-FN establishes the New Hampshire Energy Efficiency and Resource Development Authority, which is responsible for developing and implementing energy efficiency programs across the state while also supporting the nuclear power generation sector. The bill introduces a new chapter, Chapter 362-J, into the New Hampshire Revised Statutes Annotated (RSA), detailing the authority's governance structure, which includes a ten-member board of directors appointed by the governor. The authority will be funded through system benefits charges, energy efficiency funds, and other revenue sources, with specific provisions for low-income energy efficiency programs. The bill also allows the authority to accept grants without competitive solicitation and mandates the establishment of performance metrics to evaluate program effectiveness.

Additionally, the bill outlines the authority's ability to issue state-guaranteed loans and bonds for nuclear-related development, with a loan guarantee reserve fund to secure these financial instruments. It emphasizes the importance of workforce development in energy efficiency, allowing the authority to create training programs for energy auditors and installers. The bill includes provisions for independent evaluations of energy efficiency programs and mandates annual financial audits. While the bill does not specify deletions from current law, it streamlines the bond issuance process and enhances the authority's operational efficiency, aiming to promote energy conservation and cost reduction for consumers. The bill is set to take effect on January 1, 2027.