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RSA 362-F:9 · Purchased Power Agreements

Title: XXXIV: PUBLIC UTILITIES
Chapter: 362-F · ELECTRIC RENEWABLE PORTFOLIO STANDARD
Status: current
Official source linked: Yes

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362-F:9 Purchased Power Agreements. –

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Upon the request of one or more electric distribution companies and after notice and hearing, the department of energy may authorize such company or companies to enter into multi-year purchase agreements with renewable energy sources for certificates, in conjunction with or independent of purchased power agreements from such sources, to meet reasonably projected renewable portfolio requirements and default service needs to the extent of such requirements, if it finds such agreements or such an approach, as may be conditioned by the department of energy, to be in the public interest.

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II.

In determining the public interest, the department of energy shall find that the proposal is, on balance, substantially consistent with the following factors:

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(a)

The efficient and cost-effective realization of the purposes and goals of this chapter;

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(b)

The restructuring policy principles of RSA 374-F:3;

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(c)

The extent to which such multi-year procurements are likely to create a reasonable mix of resources, in combination with the company's overall energy and capacity portfolio, in light of the energy policy set forth in RSA 378:37 and either the distribution company's integrated least cost resource plan pursuant to RSA 378:37-41, if applicable, or a portfolio management strategy for default service procurement that balances potential benefits and risks to default service customers;

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(d)

The extent to which such procurement is conducted in a manner that is administratively efficient and promotes market-driven competitive innovations and solutions; and

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(e)

Economic development and environmental benefits for New Hampshire.

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III.

The department of energy may authorize one or more distribution companies to coordinate or delegate procurement processes under this section.

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IV.

Rural electric cooperatives for which a certificate of deregulation is on file with the department of energy shall not be required to seek department of energy authorization for multi-year purchased power agreements or certificate purchase agreements under this section. Source. 2007, 26:2, eff. July 10, 2007. 2021, 91:241, eff. July 1, 2021.

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Source note

Source. 2007, 26:2, eff. July 10, 2007. 2021, 91:241, eff. July 1, 2021.

Source history

2007, 26:2, eff. July 10, 2007
2021, 91:241, eff. July 1, 2021

Related materials

Bill relationships

2026 HB1534 reference
through the competitive market and may be administered by independent third parties. Any prudently incurred costs arising from compliance with the renewable portfolio standards of RSA 362-F for utility default service or [purchased power agreements] purchases of power, capacity, and ancillary services to serve utility default service shall be recovered through [the] default service [charge] charges. To th
2026 HB1542 add
of Representatives in General Court convened: 1 Committee Established. There is established a study committee on New Hampshire's electric renewable portfolio standard under RSA 362-F and the renewable energy fund under RSA 362-F:10. 2 Membership and Compensation. I. The members of the committee shall be as follows: (a) Three members of the house of representatives, at least one of whom is cu
2026 HB1542-FN add
of Representatives in General Court convened: 1 Committee Established. There is established a study committee on New Hampshire's electric renewable portfolio standard under RSA 362-F and the renewable energy fund under RSA 362-F:10. 2 Membership and Compensation. I. The members of the committee shall be as follows: (a) Three members of the house of representatives, at least one of whom is cu
2026 HB1721 amend · effective 2026-07-01
the Senate and House of Representatives in General Court convened: 1 New Section; Renewable Portfolio Standard Eligibility and Credits; Renewable Energy Certificates. Amend RSA 362-F by inserting after section 6 the following new section: 362-F:6-a Renewable Portfolio Standard Eligibility and Credits. I. Renewable energy systems that began operation prior to the effective date of this section
2026 HB1721-FN amend · effective 2026-07-01
the Senate and House of Representatives in General Court convened: 1 New Section; Renewable Portfolio Standard Eligibility and Credits; Renewable Energy Certificates. Amend RSA 362-F by inserting after section 6 the following new section: 362-F:6-a Renewable Portfolio Standard Eligibility and Credits. I. Renewable energy systems that began operation prior to the effective date of this section
2026 HB1724 reference
innovation to ensure that the state can procure affordable, reliable, diverse, and secure energy resources, including energy generation combined with storage, and consistent with RSA 362-F. [III.](c) New Hampshire shall allow market forces and market-based mechanisms to drive prudent use of energy resources. Government intervention to economically advantage one technology over another shall be time-limit