New Hampshire will remain part of RGGI after the third effort in the past four years to pull the state out of the market failed to win support in the NH’s House energy committee.
A bill to pull out of the nine-state cap-and-trade system was amended to keep New Hampshire in, but to channel all of the revenue raised to help lower consumer power bills with none left over to promote renewable energy, the New Hampshire Union Leader reported.
The cutting out of renewable funding faces a likely veto by NH Governor Maggie Hassan if the bill is passed by the House and Senate, the paper said.
Legislation passed in 2012 assures that some 80% of revenue goes to rate relief and 20% to subsidize renewable energy projects.
By Ben Garside – ben@carbon-pulse.com
