Bill > HB1748

This bill establishes the New Hampshire Energy Efficiency and Resource Development Authority (the Authority), a new quasi-public entity designed to develop, coordinate, and implement statewide energy efficiency programs and support nuclear power generation and related industries. The Authority will be governed by a 10-member board of directors, including representatives from state agencies and four public members appointed by the governor. Its primary purposes include reducing energy costs, improving economic security, and supporting energy efficiency initiatives across the state. The Authority will have the power to administer energy efficiency programs, develop workforce training programs, establish revolving loan programs, and potentially provide loan guarantees for nuclear-related industries. Funding will come from various sources, including system benefits charges, energy efficiency funds, and potential state and federal grants, with strict guidelines on fund allocation, such as requiring at least 20% of funds to be spent on low-income energy efficiency programs. The bill also allows the Authority to issue bonds and potentially receive state guarantees for certain financial activities. The new entity will be exempt from some standard state administrative procedures, giving it more flexibility in program implementation. The Authority will be required to produce annual reports detailing its activities, programs, and financial performance, and will focus on developing integrated, cost-effective energy efficiency strategies for New Hampshire.

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https://gc.nh.gov/bill_Status/billinfo.aspx?id=1535&inflect=2