Senate Energy and Natural Resources (04/01/2025)

Yesterday I testified at a New Hampshire Senate Energy and Natural Resources Committee hearing on HB 672, a bill patterned after Consumer Regulated Electricity. The bill passed the House on March 20 on a bipartisan vote of 215-132.

Key points of my testimony included:

- The existing electricity sector cannot keep pace with the data center growth.

- There is no reason not to allow suppliers and buyers to move outside of the regulated sector provided they can’t impact it.

- If a new data center wants to buy power from an off-grid electricity provider that can’t impact the cost or reliability of a regulated grid, there is no reason for the New Hampshire PUC to be involved.  By avoiding NHPUC oversight, off-grid electricity providers will be able to move faster and innovate far beyond anything possible in the existing sector.

- The potential benefits from off-grid providers are great, not only for the investors in such businesses and their customers, but also the rest of New Hampshire.

- Electricity is the backbone of our modern economy.  It’s about time we brought it into the modern economy.  HB 672 will help enable just that.

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https://www.youtube.com/live/hLY2Vpx2b-Y?si=w576rEJ3d-HCLGJT&t=4913