This bill amends RSA 374-G to expand the purpose of electric utility investments to include natural gas, hydrogen, and nuclear technologies, thereby enhancing grid reliability. The bill allows electric utilities to own or invest in these resources, with a cap of 10 percent of their peak load, and establishes eligibility for rate recovery for such investments. Additionally, it repeals previous limitations on utility-funded generation equipment and prior investment restrictions, facilitating a broader scope for utility involvement in energy generation.

Key changes include the insertion of language emphasizing the need for reliable, dispatchable, and controllable power generation to complement renewable energy sources. The bill also modifies the eligibility criteria for rate recovery, allowing utilities to seek recovery for investments in natural gas and nuclear energy resources alongside renewable distributed energy resources. Furthermore, it repeals specific sections of the law that previously restricted utility investments in distributed energy resources, thereby streamlining the regulatory framework for utility investments in these new energy technologies.

Statutes affected:
Introduced: 374-G:1
As Amended by the House: 374-G:1
As Amended by the Senate: 374-G:1
Version adopted by both bodies: 374-G:1
CHAPTERED FINAL VERSION: 374-G:1
HB1775 text: 374-G:1