relative to electric transmission service agreements.

SB 307 allows New Hampshire electric distribution utilities to recover the costs of long-term transmission service agreements through retail rates. These agreements would cover projects in New England that have received funding or capacity contracts from the U.S. Department of Energy, with limits set at a total of 120 megawatts and a maximum duration of 30 years. The bill requires utilities to review proposals within three months and mandates that the Public Utilities Commission approve the agreements based on factors like benefits to ratepayers, price stability, and system reliability. If approved, utilities would pass any associated costs or savings directly to their customers through annual adjustments in retail rates.