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Lawmakers press Energy Department on proposed $10 million transfer from Renewable Energy Fund to general fund
Summary
During a Division I hearing, the Department of Energy defended a proposed transfer of $10 million from the Renewable Energy Fund to the general fund; lawmakers and the department debated the fund's recent revenue surge, existing program commitments and potential program impacts if the transfer proceeds.
The New Hampshire Department of Energy told the House Finance Division I that it can carry out statutory programs for fiscal 2026 even after a proposed transfer of $10 million from the Renewable Energy Fund (REF) to the general fund — but multiple lawmakers voiced concerns that moving dedicated revenue into general coffers undermines the fund’s purpose.
Energy Commissioner Jared Chicoine and Deputy Commissioner Chris Sounds outlined how the REF is financed: the state's Renewable Portfolio Standard requires electric suppliers to buy renewable energy certificates (RECs) or, if supplies are scarce or prices high, pay an alternative compliance payment (ACP) that flows into the REF.…
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