Energy

HB 1775 allows New Hampshire electric utilities to own or invest in natural gas and nuclear power generation facilities, up to 10% of their total peak electricity demand. Utilities must seek approval from the Public Utilities Commission for these investments and can recover costs through customer rates. The bill repeals prior restrictions on utility-funded generation equipment and expands the definition of eligible investments to include natural gas and nuclear resources. This directly affects NH utilities by changing their investment rules, with no new state funding required.

HB 1542 sets all renewable energy fund compliance payments (the fees electric providers pay if they can't meet renewable energy requirements) to $0, effective January 1, 2027. This eliminates the primary revenue source for New Hampshire's Renewable Energy Fund (REF), which currently funds programs like low-income solar initiatives, non-residential renewable grants, and community solar projects. The fiscal note states this change would reduce annual REF revenue by approximately $6.7 million starting in 2028, causing all REF-funded programs and nine state positions supporting renewable energy compliance to cease without new legislative funding. The bill directly affects electric service providers (by removing compliance penalties), state programs, and low-income communities relying on REF-funded solar projects.

HB 219 phases out New Hampshire's minimum requirement for electricity providers to source a certain percentage of power from renewable sources. It mandates a 20% annual reduction in these renewable energy targets starting in 2026, fully eliminating the minimum standard by 2030. This directly affects electricity providers (including distribution companies, competitive suppliers, and community aggregators) who must meet these renewable sourcing requirements. The bill replaces the current standard with a structured 5-year phase-out, allowing utilities to offer 100% renewable power options to default service customers starting in 2026.