NH HB1539

Authorizes electric utilities to petition the Public Utilities Commission (PUC) for approval to issue rate reduction bonds that securitize storm-related costs, including preparation, restoration, and response expenses from storm damage

Requires the PUC to issue a final decision on storm cost financing applications within 60 days of receipt

Defines "storm costs" to include prudently incurred utility expenses for storm preparation and restoration, plus all fees, expenses, and transaction costs associated with issuing, servicing, or refinancing the bonds

Establishes periodic adjustments to the rate reduction bond (RRB) charge, occurring at least annually but potentially monthly, to ensure sufficient collection of principal, premium, interest, and associated fees

Estimated state expenditure impact of $500,000 to $1,000,000 annually from utility assessments for PUC staff and Department of Energy consultant services to review bond petitions