Thanks in part to the efforts of our extraordinary members, the NH Legislature passed House Bill 700 (HB 700), which establishes a statewide methodology for calculating the value of utility property with bipartisan support. Governor Sununu signed the bill into law.
With a standard valuation method that will phase-in over the course of five years, both utilities and municipalities will have time to adjust to the changes.
We are thankful to all our members who have voiced their support for these measures and supported us throughout the process. As a locally owned and controlled organization, the Co-op was able to hear, respond to, and amplify the concerns of our members in the effort to pass this legislation. The energy and interest of engaged members made all the difference.