Allows utility companies to own or build generation facilities up to 10% of their total distribution peak load.

New Hampshire SB591 amends RSA 374-G to allow utility companies to own or build generation facilities, with a cap of 10% of their total distribution peak load. This change applies to distributed electric generation receiving investments from an electric utility. The bill also modifies the criteria for authorizing such investments, focusing on whether the economic benefits to ratepayers outweigh the costs. The changes take effect 60 days after the bill's passage.

Allows utility companies to own or build generation facilities up to 10% of their total distribution peak load.

New Hampshire SB591 amends RSA 374-G to allow utility companies to own or build generation facilities, with a cap of 10% of their total distribution peak load. This change applies to distributed electric generation receiving investments from an electric utility. The bill also modifies the criteria for authorizing such investments, focusing on whether the economic benefits to ratepayers outweigh the costs. The changes take effect 60 days after the bill's passage.