Title XXXIV, Public Utilities

Any pledge of revenues or other moneys made by the division shall be valid and binding from the time when the pledge is made. The revenues or other moneys so pledged and thereafter received by the division shall immediately be subject to the lien of such pledge without any physic…

Every public utility shall carry a proper and adequate depreciation account whenever the commission shall determine that such depreciation account can reasonably be required and shall so order. Every public utility shall conform its depreciation account to such rules, regulations…

I. All property of the public utility division of the bank is hereby declared to be public property devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of the state or any subdivision thereof. All bonds o…

Notwithstanding any provision of this chapter or any recitals in any bonds and notes issued under this chapter, all such bonds and notes shall be deemed to be investment securities under RSA 382-A.

This chapter shall be construed in all respects so as to meet all constitutional requirements. Except as expressly provided, this chapter shall not affect the interpretation of other laws. If any provision or clause of this chapter, or the application thereof to any person or cir…

The depreciation fund may be expended in new construction, extensions or additions to the property of the public utility, or invested and, if invested, the net income from the investment shall be added to the depreciation fund, unless the commission for good cause shown shall oth…

The bonds and notes issued under this chapter, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be free from taxation within the state.

The bank is authorized and empowered to obtain from any department or agency of the United States of America or from any nongovernmental insurer any insurance or guaranty (to the extent now or hereafter available) as to, or of, or for, the payment or repayment of, interest or pri…

Any municipality having bonds outstanding under this chapter, when authorized by a 2/3 vote as prescribed in RSA 33, may issue refunding bonds for the purpose of paying bonds issued by or on its behalf, at maturity or upon acceleration or redemption. The refunding bonds may be is…

I. The bond bank may create and establish on behalf of the division one or more special funds, hereafter referred to as "small scale power facility bond reserve funds", and shall pay into each such small scale power facility bond reserve fund any moneys appropriated and made avai…

[Paragraph I(intro. par.) effective until September 13, 2026; see also paragraph I(intro. par.) set out below.] I. Investor-owned electric distribution utilities may elect to develop and, no later than June 30, 2025, issue a request for proposals for multi-year agreements for ene…

No public utility shall declare or pay any dividend except out of net corporate income, and except after setting aside such depreciation reserve, if any, as it may carry in compliance with the provisions of RSA 374:10; provided, that this section shall not prevent the payment of …

Bonds and notes may be issued under this chapter without the consent of any department, division, commission, or agency of the state or of any of its political subdivisions and without any proceedings or the happening of any other conditions or things than those proceedings, cond…

Any municipality having bonds outstanding under this chapter, when authorized by a 3/5 vote as defined in RSA 33:8 for towns and village districts and in RSA 33:9 for cities, may issue refunding bonds for the purpose of paying bonds issued by or on its behalf, at maturity or upon…

I. The bond bank shall establish and maintain in and for the division a fund called the "small scale power facility bond general fund" which shall consist of and in which there shall be deposited: (a) Fees received or charges made by the division for use of its services or facili…

I. The state treasurer is hereby authorized to receive from the United States of America or any department or agency thereof any amounts of money as and when appropriated, allocated, granted, turned over or in any way provided for the purposes of this chapter, and said amounts sh…

Bonds and notes may be issued under this chapter without the consent of any department, division, commission or agency of the state or of any political subdivision thereof and without any proceedings or the happening of any other conditions or things than those proceedings, condi…

The bond bank may establish in and for the division such additional and further reserves or other funds or accounts as may be, in the division's discretion, necessary, desirable, or convenient to further the purposes of the division or to comply with any agreement or resolution o…

If any provision of this chapter or the application of such provision to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the chapter which can be given effect without the invalid provision or application, and to this …

When the commission has prescribed the form of accounts and records to be kept by public utilities of any class, each public utility of that class shall thereafter keep the accounts and records so prescribed accurately and honestly and in the manner prescribed; and it shall be un…

In order to carry out the purposes and provisions of this chapter, the bank, in addition to any powers granted to it elsewhere in this chapter and in RSA 35-A, shall have the following powers: I. To charge for its costs and services in review or consideration of any proposed loan…

Notwithstanding the provisions of any law or statute applicable to or constituting any limitation on the maximum rate of interest per annum payable on bonds or notes, or as to annual interest cost to maturity of money borrowed or received upon issuance of bonds or notes, every pu…

No person shall willfully make any false entry in the accounts or records of any public utility, or willfully destroy, mutilate or by any other means falsify such accounts or records, or willfully neglect or fail to make full, true or correct entries of all facts and transactions…

The provisions of RSA 35-A:15-24, 26-33, and 35, as amended from time to time, shall apply to the division, its bonds or notes issued under this chapter, municipal small scale power facility bonds, and all other aspects of the powers and operations of the division under this chap…

In connection with all sales, use and excise taxes imposed with respect to electric power facilities, materials included or to be included therein, or energy produced thereat and sold at wholesale therefrom, by any laws of the state, a municipality participating in an electric po…

Every public utility shall file with the commission and the department of energy reports at such times, verified by oath in such manner, and setting forth such statistics and facts, as may be required by the commission or the department of energy.

Upon the sale and issuance of any utility bonds to the bank by any public utility, such public utility shall be held and be deemed to have agreed that, in the event of the failure of such public utility to pay the interest on or the principal of any of such utility bonds owned or…

This chapter shall be applicable only to such cities, towns and village districts as on January 1, 1975, met the definition of "municipality" as defined in RSA 374-B:1, III, and to such additional cities, towns or village districts as begin after that date to engage in the genera…

It is the intent of the legislature that in the event of any conflict or inconsistency in the provisions of this chapter and any other chapters pertaining to matters established or provided for in this chapter or in any rules adopted under this chapter or said other chapters, to …

All officers, departments, boards, agencies, divisions and commissions of the state are hereby authorized and empowered to render any and all of such services to the bank as may be within the area of their respective governmental functions as fixed or established by law and as ma…

This chapter shall be construed in all respects so as to meet all constitutional requirements. Except as expressly provided, the provisions of this chapter shall not affect the interpretation of other laws. If any provision or clause of this chapter, or the application thereof to…

This chapter shall be construed liberally to effect the legislative intent and the purposes of the chapter as complete and independent authority for the performance of each and every act and thing authorized in this chapter and all powers granted in this chapter shall be broadly …

If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the chapter which can be given effect without the invalid provisions or application, and to this end the provision…

The bank is hereby authorized and empowered to enter into such agreements or contracts with any banks, trust companies, banking or financial institutions, within or without the state, as may be necessary, desirable or convenient in the opinion of the bank for rendering services t…

If any public utility shall neglect or refuse to make and file any report within a time specified by the commission or the department of energy, or shall neglect or refuse to make specific answer to any question lawfully asked by the commission or the department of energy, it sha…

In order to effectively carry out its purpose under this chapter of making loans to public utilities by purchase of the utility bonds of such public utilities, and by receipt of its income from service charges and from payments of interest on and the maturing principal of utility…

The commission, by order, or the department of energy, may require any public utility to produce within the state, at such time and place as it may designate, any accounts, records, memoranda, books, or papers kept in any office or place without the state, or verified copies ther…

No public utility shall willfully make any false statement or false entry in any report to the commission or the department of energy, or in any answer to any question lawfully asked by the commission or the department of energy.

All utility bonds or other investments of moneys of the bank permitted or provided for under this chapter shall at all times be purchased and held in fully marketable form (subject to provisions for any registration in the name of the bank). All utility bonds at any time purchase…

The following words or terms as used in this chapter shall have the following meanings unless a different meaning clearly appears from the context: I. "Chapter" means this New Hampshire public utility bond financing chapter. II. "Bank" means the New Hampshire municipal bond bank …

Municipalities may design, develop, acquire, and construct small scale power facilities at sites owned or leased by them or otherwise made available to them for a period at least equal to the term of any financing undertaken under this chapter. Municipalities may operate, or may …

[Paragraph I(intro. par.) effective until January 1, 2027; see also paragraph I(intro. par.) set out below.] I. The commission shall adopt rules or approve tariffs clarifying policy for the installation, interconnection, and use of energy storage systems by customers of utilities…

I. The following definitions shall apply in this chapter except as otherwise provided: (a) "Commission" means the public utilities commission. (b) "Distributed energy resources" means energy storage, electric generation equipment including clean and renewable generation, energy e…

In this chapter: I. "Commission" means the public utilities commission. I-a. "Default service" means electricity supply that is available to retail customers who are otherwise without an electricity supplier and are ineligible for transition service and is provided by electric di…

Notwithstanding any contrary provision of any general or special law relating to the powers and authorities of domestic electric utilities or any limitation imposed by a corporate or municipal charter, but subject to the conditions set forth in this chapter, a domestic electric u…

It is hereby declared to be in the public interest and to be the policy of the state to foster and to promote, by all reasonable means, the provision of adequate markets and facilities for the borrowing of money by municipalities for the financing of small scale power facilities …