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Senate OKs framework allowing utilities to pursue advanced nuclear and multi'year power agreements, with guardrails
Summary
The Senate on May 20 approved an amended version of House Bill 710 that expands utility options to pursue advanced nuclear resources and multi'year power agreements, while adding limits and PUC review to mitigate ratepayer risk.
The New Hampshire Senate on May 20 adopted an amended version of House Bill 710 that expands electric utilities' authority to own and offer advanced nuclear resources, and to pursue multi'year power purchase agreements, while adding regulatory limitations designed to protect ratepayers.
Under the amendment approved on the floor, utilities would be authorized to solicit long'term proposals that can include advanced nuclear technologies such as small modular reactors through 2040, subject to approval by the Public Utilities Commission (PUC) under public'interest and reasonableness criteria. The amendment also raised the annual cap for low'to'moderate'income community solar from 6 megawatts to 18 megawatts and expanded net metering eligibility in specified ways.
Senator Avard, who offered…
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