This bill amends RSA 374-G to expand the purpose of utility investments to include natural gas and nuclear technologies, aimed at enhancing grid reliability. It allows New Hampshire electric utilities to own or invest in these resources, with a cap of 10 percent of their total distribution peak load. The bill also mandates that utilities seeking rate recovery for these investments must file with the Public Utilities Commission, which will assess whether the investments are in the public interest. Additionally, the bill repeals previous limitations on utility-funded generation equipment and investment restrictions.

Key changes include the insertion of language emphasizing the need for reliable and controllable power generation, specifically highlighting the importance of natural gas and nuclear technologies for grid stability. The bill also modifies the eligibility criteria for rate recovery, ensuring that utilities are eligible to seek recovery for investments in natural gas and nuclear energy resources, alongside distributed energy resources. The repeal of certain sections of RSA 374-G removes outdated restrictions, thereby facilitating a broader scope for utility investments in energy generation.

Statutes affected:
Introduced: 374-G:1
HB1775 text: 374-G:1