HB1539-FN: authorizing electric utilities to issue AAA-rated bonds for the purpose of storm cost recovery and infrastructure resilience.

Related law links

RSA references from bill data

• 369-B · amend

  te reduction bonds. This authorization is in addition to any amount authorized in subparagraph (a), (b), or (c). 25:6 New Section; Finance Orders Concerning Storm Costs. Amend RSA 369-B by inserting after section 3-b the following new section: 369-B:3-c Finance Orders with Respect to Storm Costs. An electric utility may submit to the commission an application for a finance order with respect to incu

• 369-B:1 · amend

  ructure resilience. Be it Enacted by the Senate and House of Representatives in General Court convened: 25:1 New Paragraph; Declaration of Purpose and Findings. Amend RSA 369-B:1 by inserting after paragraph XVI the following new paragraph: XVII. It is in the public interest for the commission to issue a finance order that is subject to the requirements of this chapter and that authorizes the i

• 369-B:2 · amend

  t is subject to the requirements of this chapter and that authorizes the issuance of rate reduction bonds that securitize storm costs. 25:2 New Subparagraph; Definitions. Amend RSA 369-B:2, XIV by inserting after subparagraph (g) the following new subparagraph: (h) Storm costs. 25:3 New Paragraph; Definitions. Amend RSA 369-B:2 by inserting after paragraph XVIII the following new paragraph: XIX. “

• 369-B:3 · amend

  rate reduction bonds whose proceeds are used to pay off the costs described in clause (i) of this definition. 25:4 Authority to Issue Finance Orders to Finance RRB Costs. Amend RSA 369-B:3, I to read as follows: I. The commission is authorized, upon the petition of an electric utility and after a hearing, to issue one or more finance orders pursuant to which rate reduction bonds shall be issued, if the c

• 369-B:4 · amend

  within a period not to exceed 180 days of its receipt of an application by an electric utility for a finance order. 25:7 Establishment of RRB Charge to Recover RRB Costs. Amend RSA 369-B:4, II and III to read as follows: II. The commission shall set the RRB charge, per kilowatt-hour of electricity for delivery of retail electric service, in an amount necessary and sufficient to provide for the full recov

RSAs mentioned by this document

• RSA 369-B · ELECTRIC RATE REDUCTION FINANCING AND COMMISSION ACTION
• RSA 369-B:1 · Declaration of Purpose and Findings
• RSA 369-B:2 · Definitions
• RSA 369-B:3 · Authority to Issue Finance Orders to Finance RRB Costs
• RSA 369-B:4 · Establishment of RRB Charge to Recover RRB Costs