Bill > HB1736

This bill repeals RSA 374:3-a, which currently allows the Public Utilities Commission (PUC) to approve alternative forms of regulation for investor-owned electric and gas utilities. Traditionally, utilities are regulated using a cost-of-service model, where rates are set based on a utility's operational costs, rate base (the value of assets used to provide service), and allowed rate of return. The alternative regulation methods being eliminated would have permitted more flexible approaches to setting utility rates. By repealing this statute, the bill ensures that electric and gas utilities will return to the standard regulatory approach of calculating rates based on traditional cost-of-service principles. The bill will take effect 60 days after its passage, giving utilities and regulators time to adjust to the reversion to standard rate-setting methods.

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https://gc.nh.gov/bill_Status/billinfo.aspx?id=2310&inflect=2