OTCBB Verifiable Research & DD

[spencerforhire]

Never mind. Saved you the time Matt. Found the exact quote from these attorneys that wrote this to the PUC. Looks like we need a legislative change before this goes any further, Matt? Here's some of it... Your thoughts Matt? Thanks!

"It is clear from a plain reading of the RPS statute that the legislature did not intend to empower the commission (PUC) to authorize multi year REC contracts that extend beyond the year 2025. Second, the legislature reserved to itself the authority to increase, decrease or eliminate the Class 1 Purchase requirements in years 2026 and beyond.

Because the PPA obligates PSNH to purchase RECS for approx. nine years after 2025 when the RPS program ends and the purchase requirement ceases to exist, the terms and conditions of the PPA exceed PSNH's renewable portfolio requirements in absolute statutory terms. Consequently the Commission lacks authority under RSA 362-F to authorize PSNH to enter into the PPA......"