HB 1398 - AS INTRODUCED
2024 SESSION
24-2667
10/05
HOUSE BILL 1398
AN ACT relative to utility recovery of costs associated with net energy metering.
SPONSORS: Rep. Vose, Rock. 5; Rep. D. Thomas, Rock. 16; Sen. Lang, Dist 2; Sen. Gannon, Dist 23
COMMITTEE: Science, Technology and Energy
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ANALYSIS
This bill requires that costs of net energy metering be assessed under a stranded cost recovery mechanism by electric distribution utilities.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
24-2667
10/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
AN ACT relative to utility recovery of costs associated with net energy metering.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Electric Utilities; Definition of Stranded Costs; Net Metering Costs Added. Amend RSA 374-F:2, IV(d) and (e) to read as follows:
(d) Costs approved for recovery by the commission in connection with the divestiture or retirement of Public Service Company of New Hampshire generation assets pursuant to RSA 369-B:3-a; [and]
(e) All costs incurred as a result of fulfilling employee protection obligations pursuant to RSA 369-B:3-b; and
(f) Costs related to the purchase of electricity from customer-generators as permitted by RSA 362-A:9.
2 New Paragraph; Net Energy Metering Costs; Stranded Cost Recovery Mechanism. Amend RSA 362-A:9 by inserting after paragraph VII the following new paragraph:
VII-a. Distribution utilities shall use a stranded cost recovery mechanism as approved by the commission to recover costs associated with net energy metering.
3 Effective Date. This act shall take effect 60 days after its passage.