NH HB1775

Authorizes New Hampshire electric utilities to own or invest in natural gas and nuclear energy generation facilities connected to their local distribution systems, with cumulative capacity capped at 10% of the utility's total distribution peak load

Expands RSA 374-G's purpose to include investment in natural gas and nuclear technologies for grid reliability, voltage regulation, and providing dispatchable power when distributed energy resources are unavailable

Makes utilities eligible to seek rate recovery from the Public Utilities Commission for investments in natural gas and nuclear resources, subject to a public interest determination

Repeals existing limitations on utility-funded electric generation equipment and prior investment restrictions under RSA 374-G:3, V and RSA 374-G:4, III

Estimated fiscal impact includes $250,000-$500,000 annually in utility assessment-funded expenditures for state oversight, plus indeterminable increases to state, county, and local electricity costs if rate recovery is approved