Concord, NH – Today, Governor Maggie Hassan signed SB 221 into law. This bill would allow Eversource (formerly PSNH) to sell off its power generating assets while limiting the costs passed on to New Hampshire’s ratepayers.
Senate Majority Leader Jeb Bradley (R-Wolfeboro) and Senator Dan Feltes (D-Concord) released statements following the signing of SB 221 into law.
“This legislation works to protect New Hampshire PSNH’s electric customers by ensuring they will see lower rates and those PSNH shareholders will bear some of the burden of stranded costs incurred by the Merrimack Station Scrubber. I am glad to see this important measure become law and thank Meredith Hatfield of the Governor’s Energy Office and the other members of the State Team that negotiated the Settlement with PSNH and also worked to see this legislation pass,” Said Senate Majority Leader Jeb Bradley (R-Wolfeboro).
“This legislation helps us complete the transition to a competitive energy marketplace in New Hampshire, while balancing the interests of all ratepayer classes, municipalities, and workers,” said Senator Dan Feltes (D-Concord). “Signing SB 221 into law is a significant step to reduce energy costs, provide certainty in the energy market, and help move the Granite State economy forward for everyone. We really appreciate all the time, work and effort that Meredith Hatfield and other members of the State Team put in to make this happen."