SB597: relative to utility rate increases to inflation-adjusted thresholds and performance incentive metrics for utilities.

Related law links

RSA references from bill data

• 362:2 · reference

  expenditures and operating expenditures, measured on the accounting and/or regulatory basis determined by the commission; (b) "Public utility" has the same meaning as defined in RSA 362:2; and (c) "TOTEX capitalization rate" means the percentage of a utility’s total expenditures that the commission designates as capital for ratemaking purposes. II. The public utilities commission shall have the aut

• 363-A · amend

  nterest requires. VII. The commission may retain outside third party experts to assist with this investigative proceeding, and shall do so pursuant to the authority granted in RSA 363-A. 5 New Section; Rates and Charges; Application of Performance Incentive Mechanism to Retail Rates. Amend RSA 378 by inserting after section 11-a the following new section: 378:11-b Application of Performance In

• 363-A:1 · reference

  ncrease (State Utility Costs) Indeterminable Increase (State Utility Costs) Indeterminable Increase (State Utility Costs) Funding Source(s) Utility Assessments per RSA 363-A:1, General Fund, Highway Fund and Various Agency Funds Appropriations* $0 $0 $0 $0 Funding Source(s) None *Expenditure = Cost of bill *Appropriation = Authorized funding to c

• 365:8 · amend

  iding them with economic freedom by lowering their everyday costs. 3 New Paragraph; Public Utilities Commission; Rulemaking Authority; Energy Rate Increases Restricted. Amend RSA 365:8 by inserting after paragraph II the following new paragraph: III. The commission shall not approve an energy rate for any electric utility that exceeds the previous year’s rate by more than 4 percent after adjusting

• 374:3-A · repeal

  ar’s rate by more than 4 percent after adjusting for inflation. 4 Supervisory Power of Department of Energy and Public Utilities Commission; Performance Incentive Mechanisms. RSA 374:3-a is repealed and reenacted to read as follows: 374:3-a Performance Incentive Mechanisms. I. No later than one year following the effective date of this section, the commission shall open an investigative proceedi

• 374-F:2 · reference

  e data, and individual access to granular information about one's own energy usage data; (j) Fair compensation for utility employees; and (k) Grid modernization, as defined in RSA 374-F:2, XI. III. As part of the investigative proceeding, the commission shall recommend implementation timelines and deadlines for the adoption of the performance incentive mechanisms for each electric and gas utility.

• 378 · amend

  eding, and shall do so pursuant to the authority granted in RSA 363-A. 5 New Section; Rates and Charges; Application of Performance Incentive Mechanism to Retail Rates. Amend RSA 378 by inserting after section 11-a the following new section: 378:11-b Application of Performance Incentive Mechanism to Retail Rates. I. Notwithstanding any provision of this chapter to the contrary, on and after

• 378:3-B · reference

  utilities’ last rate case; and (e) Strategies to equalize financial incentives to deploy capital expenditures, operating expenditures, total expenditures or TOTEX, as defined in RSA 378:3-b, I(a), and any other information deemed relevant or helpful by the commission in its review. V. As part of the investigative proceeding, the commission shall evaluate whether it is in the public interest to transiti

• 378:5 · reference

  echanisms approved pursuant to that section whenever the commission investigates new and higher rates, fares, charges, or prices proposed by an electric or gas utility pursuant to RSA 378:5 or whenever the commission fixes the rates of any such utility pursuant to RSA 378:7. II. In connection with seeking new and higher rates, fares, charges, or prices, an electric or gas utility may propose a multi-ye

• 378:7 · reference

  and higher rates, fares, charges, or prices proposed by an electric or gas utility pursuant to RSA 378:5 or whenever the commission fixes the rates of any such utility pursuant to RSA 378:7. II. In connection with seeking new and higher rates, fares, charges, or prices, an electric or gas utility may propose a multi-year rate plan that includes the performance incentives adopted by the commission pursua

• 541-A · reference

  a TOTEX ratemaking framework for public utilities. The commission may adopt TOTEX allowances, capitalization rates, and related accounting treatments by rule or order pursuant to RSA 541-A. III. The public utilities commission shall adopt rules necessary to implement this section pursuant to RSA 541-A. 7 Severability. If any provision of this act or the application thereof to any person or circumst

RSAs mentioned by this document

• RSA 362 · DEFINITION OF TERMS; UTILITIES EXEMPTED
• RSA 363-A · EXPENSES OF PUBLIC UTILITIES COMMISSION AGAINST CERTAIN UTILITIES
• RSA 365 · COMPLAINTS TO THE DEPARTMENT OF ENERGY AND PROCEEDINGS BEFORE THE COMMISSION
• RSA 374 · GENERAL REGULATIONS
• RSA 374-F · ELECTRIC UTILITY RESTRUCTURING
• RSA 378 · RATES AND CHARGES
• RSA 541-A · ADMINISTRATIVE PROCEDURE ACT
• RSA 362:2 · Public Utility
• RSA 363-A:1 · Ascertainment of Expenses
• RSA 365:8 · Rulemaking Authority
• RSA 374-F:2 · Definitions
• RSA 378:5 · Higher Rates
• RSA 378:7 · Fixing of Rates by Commission