repealing the authorization for the public utilities commission to approve alternative forms of regulation.

SB 537 repeals a specific law (RSA 374:3-a) that allowed New Hampshire's Public Utilities Commission (PUC) to approve alternative regulatory approaches for utility companies. This bill directly affects the PUC and regulated utilities by removing the PUC's authority to approve non-traditional regulatory methods. The key provision simply eliminates this existing option, requiring utilities to follow standard regulatory processes instead of potential alternative arrangements. The bill takes effect 60 days after enactment.