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Senator’s bill to let utilities build generation draws sharp debate over risk to ratepayers
Summary
Sen. Kevin Avard proposed allowing electric distribution utilities to own, build and operate generation in New Hampshire (subject to PUC approval and a 400 MW cap). Utilities and industry groups said the change risks shifting development cost and overruns onto ratepayers; sponsors and some proponents said it could add local capacity and optionality.
Senator Kevin Avard introduced legislation to permit electric distribution utilities to own and build generation facilities in New Hampshire, an exception to the state’s long-standing restructuring framework. The amendment read into the record would allow utilities, with Public Utilities Commission approval and a finding that projects ‘‘serve the public interest’’ and ‘‘provide benefits to ratepayers and taxpayers,’’ to develop generation up to a combined 400 megawatts apportioned by load served. The amendment would also bar utilities from earning a rate of return on capital expenditures made under the chapter and limit long-term power purchase agreements…
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