Cooperatives and municipals exempt from law. PUC issued restructuring plan in Feb 1997. Utilities with high rates not allowed full write off. PSNH sues PUC in federal court over stranded costs recovery. Lawsuit withdrawn under settlement.
Federal judge stays implementation of restructuring indefinitely.
With PSNH settlement finally resolved, retail choice expected to begin in October, 2000. Retail choice available to NHEC members since Jan., 2000. Governor signs bill to cut tax on utilities. Board of Public Utilities to determine each IOUs stranded costs on individual basis. BPU adopts renewable portfolio, emissions disclosure, and net metering regulations.