Relative to electric utility restructuring and investment in distributed energy resources.
Impact
One of the primary impacts of SB230 is the amendment of existing statutes to encompass advanced energy technologies while ensuring regulatory oversight from the Public Utilities Commission (PUC). By defining SMRs and microgrids, the bill creates a clearer pathway for energy innovation, potentially leading to increased use of renewable energy sources. The inclusion of these definitions also promotes energy efficiency, demand response, and reduced transmission and distribution costs, enabling a more sustainable energy landscape for the state.
Summary
Senate Bill 230 (SB230) addresses electric utility restructuring and advocates for investment in distributed energy resources. The bill introduces definitions for small modular reactors (SMRs) and microgrids, facilitating a framework for their approval, construction, and operation within New Hampshire. Specifically, it aims to streamline regulations around these technologies, which are seen as essential for modernizing the state's energy framework and enhancing energy resilience through local generation methods.
Contention
However, the proposed bill is not without contention. Opponents may express concerns regarding the implications of these technologies on local energy markets, as well as the long-term viability and safety of small modular reactors. Additionally, there could be debates surrounding the fiscal responsibility linked to PUC oversight and whether the anticipated expenditures for managing new applications align with public interest and benefit. The bill's lack of direct funding provisions could also raise questions about the capacity of the PUC to handle potential increases in regulatory workload effectively.
Relative to application of the utility property tax to certain renewable electric generating facilities, and relative to communications services tax revenues.