NH HB1534

Clarifies that utility default service should minimize customer risk, avoid harming competitive markets, and mitigate price volatility without creating new deferred costs

Expands cost recovery for default service to include purchases of power, capacity, and ancillary services (not just purchased power agreements) related to renewable portfolio standards compliance

Requires that when separate utility default service rates exist, costs to serve customers on those rates—including prior period under- or over-collections—must be recovered through the respective future default service rates as approved by the commission

Adds explicit policy language that default service rates should be approved by the Public Utilities Commission for cost allocation purposes