New Hampshire Revised Statutes 374:3-a – Alternative Forms of Regulation; Incentive Regulation
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Terms Used In New Hampshire Revised Statutes 374:3-a
- commission: as used in this title , means the public utilities commission. See New Hampshire Revised Statutes 362:1
- petition: when used in connection with the equity jurisdiction of the superior court, and referring to a document filed with the court, shall mean complaint, and "petitioner" shall mean plaintiff. See New Hampshire Revised Statutes 21:51
Upon petition of a regulated utility or upon its own initiative and after notice and hearing, the public utilities commission may approve alternative forms of regulation other than the traditional methods which are based upon cost of service, rate base and rate of return, provided that any such alternative results in just and reasonable rates and provides the utility the opportunity to realize a reasonable return on its investment.