House Republicans Comment on Bill Modifying RGGI Program to Benefit Ratepayer

downloadCONCORD – House Majority Leader Jack Flanagan (R-Brookline) and Rep. Michael Vose (R-Epping), member of the House Science, Technology & Energy committee, today offered the following statements on the passage of HB 208, as amended, that would modify New Hampshire’s enrollment in the Regional Greenhouse Gas Initiative, such that 100% of revenue would be rebated back to ratepayers. The bill passed by a roll call vote of 201-154.

House Republican Leader Jack Flanagan (R-Brookline)

“Many of us pledged during the last campaign to find ways to reduce the overall cost of energy in New Hampshire and we believe HB208 would keep that promise by providing a net benefit to ratepayers. High electricity rates are an impediment to economic growth. Reducing costly mandates, or in this case modifying those mandates to be more cost neutral, is one way we can make New Hampshire more affordable and competitive.”

Rep. Michael Vose (R-Epping), House Science, Technology & Energy committee

“Most people don’t know that RGGI imposes extra costs on power generators who in turn pass that cost along to ratepayers. It’s a hidden tax. HB 208 returns the revenue from that hidden tax back to the people from whom it was taken and provides some measure of relief for families and businesses.”