New Hampshire Revised Statutes 125-O:29 – Cost Containment Allowances in Addition to the Budget
Current as of: 2023 | Check for updates
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I. For the purposes of cost containment, the department shall make available for sale at one or more auctions up to the following amounts of allowances, that shall be in addition to the budget allowance total for the given year under N.H. Rev. Stat. § 125-O:21, II, if:
(a) The CO2 allowance auction price equals or exceeds $10.51 in 2019, up to 521,869 allowances;
(b) The CO2 allowance auction price equals or exceeds $10.77 in 2020, up to 521,869 allowances;
(c) The CO2 allowance auction price equals or exceeds $13 in 2021, up to 396,099 allowances;
(d) The CO2 allowance auction price equals or exceeds $13.91 in 2022, up to 384,227 allowances;
(e) The CO2 allowance auction price equals or exceeds $14.88 in 2023, up to 372,354 allowances;
(f) The CO2 allowance auction price equals or exceeds $15.92 in 2024, up to 360,482 allowances;
(g) The CO2 allowance auction price equals or exceeds $17.03 in 2025, up to 348,609 allowances;
(h) The CO2 allowance auction price equals or exceeds $18.22 in 2026, up to 336,737 allowances;
(i) The CO2 allowance auction price equals or exceeds $19.50 in 2027, up to 324,864 allowances;
(j) The CO2 allowance auction price equals or exceeds $20.87 in 2028, up to 312,992 allowances;
(k) The CO2 allowance auction price equals or exceeds $22.33 in 2029, up to 301,119 allowances;
(l) The CO2 allowance auction price equals or exceeds $23.89 in 2030, up to 289,247 allowances; or
(m) In any year thereafter, the CO2 allowance auction price equals or exceeds 1.07 multiplied by the auction price at which cost containment allowances were required to be made available in the previous calendar year rounded to the nearest whole cent, until further legislative action.
II. The allowances sold pursuant to paragraph I shall be replenished, such that the full 521,869 allowances, if needed, are available the following calendar year.
(a) The CO2 allowance auction price equals or exceeds $10.51 in 2019, up to 521,869 allowances;
Terms Used In New Hampshire Revised Statutes 125-O:29
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
(b) The CO2 allowance auction price equals or exceeds $10.77 in 2020, up to 521,869 allowances;
(c) The CO2 allowance auction price equals or exceeds $13 in 2021, up to 396,099 allowances;
(d) The CO2 allowance auction price equals or exceeds $13.91 in 2022, up to 384,227 allowances;
(e) The CO2 allowance auction price equals or exceeds $14.88 in 2023, up to 372,354 allowances;
(f) The CO2 allowance auction price equals or exceeds $15.92 in 2024, up to 360,482 allowances;
(g) The CO2 allowance auction price equals or exceeds $17.03 in 2025, up to 348,609 allowances;
(h) The CO2 allowance auction price equals or exceeds $18.22 in 2026, up to 336,737 allowances;
(i) The CO2 allowance auction price equals or exceeds $19.50 in 2027, up to 324,864 allowances;
(j) The CO2 allowance auction price equals or exceeds $20.87 in 2028, up to 312,992 allowances;
(k) The CO2 allowance auction price equals or exceeds $22.33 in 2029, up to 301,119 allowances;
(l) The CO2 allowance auction price equals or exceeds $23.89 in 2030, up to 289,247 allowances; or
(m) In any year thereafter, the CO2 allowance auction price equals or exceeds 1.07 multiplied by the auction price at which cost containment allowances were required to be made available in the previous calendar year rounded to the nearest whole cent, until further legislative action.
II. The allowances sold pursuant to paragraph I shall be replenished, such that the full 521,869 allowances, if needed, are available the following calendar year.