HB 67 - AS INTRODUCED
2003 SESSION
03/09
HOUSE BILL 67
COMMITTEE: Science, Technology and Energy
This bill requires that funds allocated from the system benefits charge for the Public Service Company of New Hampshire energy efficiency program be placed in a revolving loan fund to provide loans to ratepayers for energy-efficiency projects and products. This bill also phases out the energy efficiency program allocation over 3 years.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03-0079
03/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Three
AN ACT relative to funding for energy efficiency programs.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Energy Efficiency Program; Revolving Loan Fund. Amend 2001, 29:14, I, as amended by 2002, 268:6, to read as follows:
I. The public utilities commission shall phase-in, as quickly as can be effectively administered by Public Service Company of New Hampshire, an energy efficiency program for Public Service Company of New Hampshire that is funded at a rate of $0.0018 per kilowatt-hour to be allocated from the system benefits charge. Beginning July 1, 2003, all funds allocated from the system benefits charge for the energy efficiency program pursuant to this paragraph shall be placed in a revolving loan fund to provide loans to ratepayers for energy-efficiency projects and products. The per-kilowatt-hour allocation under this paragraph shall decrease from $0.0018 to $0.0014 effective July 1, 2003; to $0.0010 effective July 1, 2004; to $0.0005 effective July 1, 2005; and to $0.00 effective July 1, 2006. The public utilities commission shall not decrease the amount of the system benefits charge allocated to low-income customers due to passage of this act.
2 Effective Date. This act shall take effect July 1, 2003.