In a significant Senate session held on May 22, 2025, the New Hampshire Legislature focused on advancing energy policy, particularly regarding the ownership and operation of nuclear resources by electric utilities. The primary discussion centered around House Bill 710, which aims to enable New Hampshire Electric Utilities to own, operate, and offer advanced nuclear technologies, including small modular reactors. This legislation is seen as a proactive measure to stabilize energy prices and enhance reliability in a state where electric costs consistently exceed the national average.

Senator Avard, a key proponent of the bill, emphasized that the legislation would allow utilities to enter long-term power purchase agreements, providing a broader range of energy sources. The bill also includes provisions to strengthen regulatory oversight, ensuring that contracts align with public interest criteria and expanding opportunities for community solar projects.

During the session, an amendment proposed by Senator Avard was adopted, which further clarified the bill's intent and regulatory framework. However, another proposed amendment by Senator Rosenwald aimed at removing sections related to existing power sources was ultimately rejected. Senator Rosenwald raised concerns about the financial risks associated with long-term power purchase agreements, arguing that they could burden ratepayers with high costs if the state enters unfavorable contracts.

Senator Waters highlighted the importance of this legislative shift, noting that it marks the first time since the 1990s that New Hampshire is considering allowing utilities to own generation sources. He pointed out the potential benefits of diversifying energy sources and reducing reliance on volatile natural gas prices.

The session concluded with the Senate voting in favor of the amended bill, moving it forward to a third reading. This legislative action reflects New Hampshire's commitment to exploring innovative energy solutions while addressing the pressing issue of rising electricity costs for residents and businesses alike. As the state navigates its energy future, the implications of this bill could significantly shape the landscape of energy production and consumption in New Hampshire.