House Majority Leader Statement on Passage of SB221

CONCORD – House Majority Leader Jack Flanagan (R-Brookline) offered the following statement on the passage of SB221, relative to electric rate reduction financing. The bill passed as amended by a vote of 308-43.

House Majority Leader Jack Flanagan (R-Brookline)

“Many of us made a campaign promise to do what we could to control electric costs in the state. This is a proactive measure that will save New Hampshire electric ratepayers millions of dollars. Allowing the energy market to move forward as-is would have resulted in an increase in electric rates, making us less competitive in attracting and retaining jobs in our state, and hurting family budgets. As a result of SB 221, we have a framework in place to make New Hampshire’s energy market more competitive, to drive down costs and ensure long term stability and affordability.”