Video & Transcript Research : 'utility relocation'
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TX
Transcript Highlights:
- To ensure that utilities are following them?
- Okay, and if the utility fails to execute their plan, What does PUC do about it?
- Whatever the given utility wants it to be.
- I am the public counsel and Chief Executive of the Office of Public Utility Council.
- That's the Public Utility Commission keeps that list.
TX
Texas 89th 2nd C.S.
Appropriations - S/C on Articles VI, VII, & VIII Feb 26th, 2025
Appropriations - S/C on Articles VI, VII, & VIII
Transcript Highlights:
- Um, here, none, we will now take up the Public Utility commission.
- And Haley Hall, Chief Financial Officer with the Public Utility Commission.
- So, um, new applications for a rape case, for example, an electric utility that, um.
- The acquiring utility, investor owned utility has the ability to raise rates. Is that correct?
- With a company that was going under literally a small utility.
FL
Florida 2025 Regular Session
Ethics and Elections Mar 31st, 2025
Transcript Highlights:
- AS THE STATE REGULATOR OF INVESTOR-OWNED UTILITIES THE COMMISSION PLAYS A CRITICAL ROLE IN OUR STATE
- THIS IS THE SAME PRINCIPLE THAT APPLIES TO UTILITIES EXCEPT IN THIS CASE IT COMES FROM THE CONSUMER.
- THIS IS WHY THE COMMISSION'S ROLE AS A UTILITY WATCHDOG IS SO IMPORTANT.
- THE COMMISSION MUST STRIKE A CAREFULLY BALANCED TO ENSURE UTILITIES HAVE ULTIMATELY WHAT THEY NEED TO
- I AM NOT A UTILITY COMPANY.
NM
New Mexico 2025 Regular Session
Other - PSCOC Aug 27th, 2025
Public School Capital Outlay Oversight Task Force
Transcript Highlights:
- The district is requesting utilization. Of the new calculator.
- But we do ask that request if those utilities can be reconnected.
- make that gym reliant on the utilities for the new.
- New utilities will be required for the new school; those existing utilities are going to be done away
- The gym would be left standalone with no utilities at all.
MN
Minnesota 2025-2026 Regular Session
Committee on Energy, Utilities, Environment and Climate - 03/25/26
Energy, Utilities, Environment, and Climate
Transcript Highlights:
- , Minnesota's largest natural gas utility, Minnesota's largest natural gas utility, and<00:31:40.000
- TENS deployment at utility networks.
- <00:36:15.920>
to Minnesota to deliver utilities to Minnesota to deliver utilities to deliver - <00:39:50.240>
Commission, through the Public Utilities Commission, through the Public Utilities - ,<00:47:51.880>
and the Senate Energy, Utilities, and the Senate Energy, Utilities, and Environment
KY
Kentucky 2026 Regular Session
Budget Review Subcommittee on General Government, Finance, Personnel, and Public Retirement.(7-1-26)
Transcript Highlights:
- Some Some Some utilities utilities utilities have<00:47:45.320>
had <00:47:45.760>to <00 - So, a utility may not be able to.
- ,<00:57:42.800>
that Um so, the wastewater utilities, that Um so, the wastewater utilities able <00:59:48.520>to utility may not be able to utility may not be able to They<00:59- And well-run, very well-run utility. And well-run, very well-run utility.
Summary:
The committee received a budget and program update from Kentucky Emergency Management on the state’s urban search and rescue buildout. Eric Gibson and Doug Hargrave said the legislature’s funding was used to create FEMA-type urban search and rescue capacity, including Kentucky Task Force 1 and 2, the incident support team, and the helicopter aquatic rescue/hoist team. They emphasized that the effort is not just equipment purchases but also training, credentialing, warehouse and training-facility development, canine program expansion, and coordination with local search and rescue agencies across the Commonwealth.
Gibson reported that the agency executed 99.4% of the $16.175 million appropriation by the end of the fiscal year and said the team met its readiness target ahead of schedule, with equipment already being deployed in recent flood response operations. He also said $500,000 per year was set aside for local search and rescue grants, with about $482,000 awarded to 29 teams in one year and $490,000 to 36 teams in the next, averaging about $20,000 per grant. Several members urged the committee to consider increasing support for local responders in future budgets, noting rising equipment costs and the importance of local teams as first on scene.
Members asked about staffing, coverage, and benefits. Gibson explained that the task force is a mixed workforce of full-time fire personnel loaned from local departments, professional service staff such as doctors and engineers, and temporary deployment staff, with workers’ compensation coverage provided through KYEM and/or home agencies depending on the arrangement. He also said local search and rescue members are not currently included in line-of-duty death benefits. In response to questions about coverage and deployment, he described the two task force locations as designed to keep resources within roughly 100 miles of every Kentuckian.
The discussion also turned to recent flood response and disaster recovery. Gibson said the state had mobilized up to 24 teams over the weekend, documented roughly 60 to 80 water rescues or assisted evacuations, and was seeing significant damage in counties such as Cumberland, Clinton, and Metcalfe, including agricultural losses. He said several counties were meeting FEMA public assistance thresholds and that the state was preparing a broader relief request that could include FEMA, SBA, and USDA assistance. He also updated members on efforts to claw back and reallocate unused “strained fiscal liquidity” funds by the statutory deadline, saying notices were sent and funds were redirected where possible to unmet local needs.
PA
Pennsylvania 2025-2026 Regular Session
Senate Session (Jun 23 2026)
Pennsylvania Senate Floor Meeting
Transcript Highlights:
- The utility companies are not waiting. The cost of living is not waiting.
- But I can share with my colleagues that utility policy, and several utility policies, is one of those
- That is $1 billion back in the hands of residents and residents. reduced utility bill payments.
- ..alone would have saved utility customers $350 million in 2025 alone.
- Utility services are not designed to bring in hyperscale energy users like data centers en masse.
Summary:
The Senate convened with prayer, the Pledge of Allegiance, committee reports, and approval of the prior journal. Members also granted several leaves of absence and welcomed a number of guests, including Ireland’s Consul General and Deputy Consul General, student shadows, an intern, and the Neshaminy High School baseball team, which was recognized for winning the 2026 PIAA Class 6A state championship. The chamber then recessed briefly for an Education Committee meeting and party caucuses before returning to session.
On the floor, the Senate advanced several measures. Senate Bill 362, addressing SNAP skimming, passed 49-0 after remarks about protecting food assistance benefits from theft. Senate Bill 469, providing discounted fishing and hunting licenses for current and retired law enforcement, also passed 49-0 after an amendment was withdrawn. Senate Bill 730, codifying Pennsylvania POLST forms for end-of-life medical orders, saw a tabled amendment from Senator Boscola on physician-assisted dying after a 28-21 vote, then passed 49-0. The Senate also adopted an amendment to Senate Bill 1206 clarifying a temporary license pending FDA approval, and sent House Bill 1344 and Senate Bill 1377 to the House after unanimous final passage.
Other bills were moved to appropriations or held in order, including Senate Bill 49, House Bill 96, Senate Bill 535, Senate Bill 536, House Bill 538, Senate Bill 743, Senate Bill 1262, Senate Bill 1273, House Bill 1286, and Senate Bill 1372. House Bill 1862 and House Bill 2017 each received amendments and were re-referred to the Appropriations Committee. The Senate also agreed to consider newly reported committee bills, including measures from Finance, Judiciary, Veterans Affairs and Emergency Preparedness, and Education.
In petitions and remonstrances, Senators Tartaglione and Costa focused on minimum wage and utility affordability, urging action on consumer protections, LIHEAP funding, data center energy costs, and related energy policy. The session concluded with the signing of House Bill 1877 in the presence of the Senate and a recess until June 24, 2026, at 11:00 a.m., unless recalled earlier.
HI
Hawaii 2025 Regular Session
House Chamber - Wed Feb 5, 2025, 12:00PM HST - Day 13
Hawaii House Floor Meeting
Transcript Highlights:
- I should be allowed to utilize the House minority research office; however, I am not allowed to utilize
- As a matter of practicality, I utilize the Legislative Reference Bureau in lieu of HM.
- As a matter of practicality, I utilize the Legislative Reference Bureau in lieu of HM.
- I should be allowed to utilize the House minority research office; however, I am not allowed to utilize
- <00:33:11.880>
their partisan member can utilize their partisan member can utilize their partisan
KY
Kentucky 2026 Regular Session
House Standing Committee on Natural Resources and Energy. (1-29-26)
Natural Resources & Energy
Transcript Highlights:
- It is just like any other cost that a utility incurs.
- It constantly resets every time a utility comes in for a base rate change.
- It constantly resets every time a utility comes in for a base rate change.
- But as a utility comes in uh in things.
- <00:15:50.399>
have utilities and and most utilities have utilities and and most utilities
Keywords:
Meeting Start 00:00
Attendance Roll Call 00:02
HB 398 Discussion 01:01
HB 398 Roll Call Vote 16:09
Chair Comments 18:05, 958, all
Summary:
The committee heard House Bill 398, sponsored by Rep. Wade Williams, with testimony from David Samford of East Kentucky Power Cooperative. The bill would amend KRS 278.264, the Senate Bill 4 statute, to clarify that it governs retirement of fossil fuel plants and not the recovery of associated decommissioning costs. Supporters said the measure would restore the Public Service Commission’s discretion to spread decommissioning costs over the life of a plant, consistent with traditional ratemaking, and avoid large rate spikes when plants are retired.
Testimony focused on ratemaking principles such as cost causation and matching, with the witnesses arguing that customers should pay costs as they are incurred rather than face a large “sticker shock” charge at the end of a plant’s life. Members asked about possible double charges, environmental surcharges, fuel adjustment clauses, and what happens if a planned retirement is delayed or canceled. The witnesses said the bill is intended to prevent double exposure and that rates would be revisited in future base rate cases as assumptions change.
During roll call, most members voted yes, while Rep. Fugate passed and explained concern about high electric bills and prior lump-sum charges in his area, and Rep. Watkins voted no, saying he needed more information on long-term affordability. The committee reported the bill out favorably, with the chair stating it should pass on the floor.
TX
Texas 89th Regular
Senate Committee on Business and Commerce (Part II) Feb 27th, 2025
Business & Commerce
Transcript Highlights:
- Utilities have wide discretion in implementing rolling outages.
- I do think downcoding should be utilized and changed as it is.
- Utilizing AI to the detriment of the payment methodology code.
- and appropriate utilization.
- Again, high-power technology is being utilized by health insurers in the...
Keywords:
hemp, consumable hemp, hemp-derived cannabinoids, CBD, cannabidiol, CBG, cannabigerol, delta-8, delta-9, intoxicating hemp, hemp gummies, hemp vape, edibles, cannabinoid regulation, hemp licensing, retailer registration, product registration, QR code labeling, child-resistant packaging, minor access
CA
Transcript Highlights:
- Second, we're expediting the transfer of 70% of the gas utility allowances over to electric utilities
- through the allowances we give to utilities.
- We don't know exactly when they'll be utilized.
- So utility bills differ by service territory for the investor-owned utilities.
- The utility bills differ by service territory for the investor-owned utilities, and if the POUs are issuing
Summary:
The Senate Environmental Quality Committee and Senate Budget and Fiscal Review Subcommittee No. 2 held a joint hearing on CARB’s proposed amendments to the cap-and-invest regulations. Opening remarks from senators emphasized the 2025 reauthorization of the program through AB 1207 and SB 840, and focused on whether CARB’s April revisions faithfully implement legislative intent while balancing climate ambition, affordability, leakage prevention, and the Greenhouse Gas Reduction Fund (GGRF). Several senators raised concerns that the proposal could reduce GGRF revenues, weaken funding for transit, affordable housing, wildfire prevention, drinking water, and other community programs, and shift too much support toward industry. Others stressed the need to protect businesses and consumers from higher costs and to avoid leakage and refinery closures. Senator Cortese’s statement, read into the record, warned that the proposal could jeopardize transportation funding commitments.
CARB Chair Lauren Sanchez said the amendments respond to legislative direction and public comment, and described four main changes: increased electric bill credits, a larger manufacturing decarbonization incentive (MDI), additional compliance support for industry, and removal of post-2030 allowance allocations from the current rulemaking. She said the proposal keeps the cap aligned with 2030 and 2045 targets, maintains affordability protections, and is intended to reduce emissions while minimizing leakage and supporting in-state jobs. CARB staff also said the MDI would have guardrails, require applications and reporting, and be tied to emissions-reducing facility upgrades. The Department of Finance explained that GGRF revenue estimates are highly uncertain and are updated periodically based on auction data.
The Legislative Analyst’s Office said the amendments are significant and could materially affect environmental ambition, industry support, utility credits, and GGRF revenues. LAO highlighted that the MDI could add allowances above the cap, potentially reducing certainty that 2030 targets will be met, and noted that the proposal appears to shift more allowances to industry and fewer to GGRF than current regulations. LAO also said the proposed GGRF estimate of about $8 billion through the decade could be insufficient to fully fund lower-priority tiers of programs. In questioning, senators pressed CARB on whether the proposal would raise consumer costs, whether free allowances or MDI funds would actually lower prices at the pump, how leakage is measured, and whether the Legislature’s budget assumptions would need to be revised before final action. No votes were taken during the hearing; the discussion was informational and focused on questioning CARB and fiscal staff ahead of the board’s planned May 28 consideration of the amendments.
MN
Minnesota 2025 1st Special Session
Committee on Energy, Utilities, Environment and Climate - 04/07/25
Energy, Utilities, Environment, and Climate
Transcript Highlights:
- This again public utilities commission.
- in front of the public utilities in front of the public utilities commission<00:30:55.039>
and - utilities Minnesota's investorowned utilities operate<00:37:41.119>
affordability <00:37:41.839 - <00:37:54.720>
programs would put Minnesota's utility programs would put Minnesota's utility - on greenhouse gas emissions, utility on greenhouse gas emissions, utility efficiency<00:43:08.880
WY
Transcript Highlights:
- infrastructure and utility services. infrastructure and utility services.
- In other words, that water utility.
- with the surface water drainage utility with the surface water drainage utility act<03:29:09.920
- utility, a new and separate utility utility, a new and separate utility right<03:29:37.520>
now - utility requires a tremendous amount. utility requires a tremendous amount.
NY
New York 2025-2026 Regular Session
New York State Senate Session - 04/20/2026
New York Senate Floor Meeting
Transcript Highlights:
- Now, the utilities have to make an implementation plan.
- which is a main way that utilities make money for their shareholders.
- WHICH IS A MAIN WAY THAT UTILITIES MAKE MONEY FOR THEIR SHAREHOLDERS.
- There were several debates about Utility-related bills, and someone mentioned that utility rates are
- This bill will force utilities to raise rates.
Summary:
The Senate opened with routine formalities, approved the journal, welcomed a SkillsUSA student delegation, and then moved into budget and policy business. The chamber accepted a Rules Committee report and took up a supplemental budget extender, Senate Print 9963, which would extend state operations through April 22 and authorize $12.7 billion, including about $5.1 billion in new funding for Medicaid, payroll, and school aid. Senator O’Mara questioned the delay in the budget, the lack of public detail, and unresolved issues such as CLCPA changes, auto insurance, and SEQR reforms; the sponsor said negotiations were ongoing and that school aid would likely build on the executive budget. The extender passed 57-1, with Senator Weik voting no.
The Senate then adopted Senate Resolution 1887, sponsored by Senator Brisport, memorializing the Governor to proclaim April 2026 as Arab American Heritage Month. Senators Brisport, Fahy, Salazar, and Gounardes spoke in support, emphasizing Arab Americans’ cultural, civic, and economic contributions in New York and condemning anti-Arab and anti-Muslim bias. The resolution was adopted by voice vote and opened for co-sponsorship.
The chamber next considered several bills on the calendar, including a bill by Senator Cleare to prohibit state-chartered financial institutions from investing in private correctional facilities. Supporters framed it as a moral response to private prisons and rising federal use of detention facilities, while opponents argued it would overregulate state-chartered banks and affect private investment decisions. The bill passed 36-22. The Senate also passed a bill by Senator Krueger raising the nonprofit lobbying disclosure threshold from $5,000 to $10,000, after debate over transparency and whether the change would reduce oversight; it passed 35-23. Finally, the Senate passed Senator May’s bill on advanced transmission technologies and utility planning, after extensive debate over ratepayer costs, battery storage, and data center growth; supporters said it could lower energy costs through more efficient grid use, while opponents said it would raise rates and duplicate existing studies. The bill passed after being restored to the non-controversial calendar.
KY
Kentucky 2025 Regular Session
Information Technology Oversight Committee (10-8-25)
Transcript Highlights:
- Uh we collect that data utilities.
- Um well the the most the utilities.
- ,<00:44:46.800>
bring they can uh work with utilities, bring they can uh work with utilities - <00:47:31.520>
as looking at ratebased utilities as looking at ratebased utilities as opposed - out to some of the more rural utilities out to some of the more rural utilities on<01:05:40.480>
Keywords:
Meeting Start 00:00:00
Discussion of the KentuckyWired Network 00:00:55
Discussion of the Water Resource Information System 00:35.40
Discussion of Geographic Information Systems 00:52:30
Discussion of Committee Report to LRC 01:15:05, 958, all
Summary:
The Information Technology Oversight Committee met with a quorum, approved the prior meeting minutes, and then heard a presentation from Leadcore representatives Jimmy Bird, Mike Murray, and Rebecca Moss on the Kentucky Wired network. Leadcore described its role as the design-builder and service provider under the KCNA contract, saying the network was built with roughly 13,200 feet of fiber, mostly aerial, and that the use of non-armored cable was a Kentucky-side decision made to reduce cost. They also said aerial construction and non-armored cable increase maintenance challenges, including storm damage and squirrel-related damage, and reported FY25 service activity of 104 break-fix events, 30 maintenance replacements, 64 storm-damage events, and nearly 13,000 feet of fiber replaced to date.
Committee members questioned whether the original project anticipated this level of replacement and whether any forecast existed for maintenance under non-armored cable. Leadcore said it did not do a formal forecast and could not say whether the replacement rate was above or below norms, though it acknowledged the decision not to use armored cable came from the Kentucky side of the contract. Members also asked about whether replacements caused network degradation; Leadcore said it tries to replace cable at existing splice points to avoid degradation and, where needed, uses armored cable for replacement sections going forward.
The committee then explored Leadcore’s relationship with Excel and KCNA. Leadcore said it has a service-level agreement for KCNA-related fibers but not for dark fibers used by Excel, and that Kentucky Wired fibers get priority on service requests. It said outages are reported through a 1-800 number and that it was not aware of any access problems to the huts. On the tech refresh, Leadcore said its understanding is that maintaining the network is its responsibility, but the technology refresh is not; it said only a very limited amount of refresh has occurred and that this did not match the original contract intent. Leadcore also said it had not been asked to defer maintenance. The chair closed by saying the testimony would inform a committee report and that he intended to recommend clawing back or withholding some previously authorized Kentucky Wired and refresh funding until an audit is complete, with the committee to vote on a report later.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 3 on Education Finance May 6th, 2025
Transcript Highlights:
- I'll next talk about facility utilization.
- I heard, I think, CSU talk about the utilization of space.
- colleges look at total utilization rates.
- Sure, we do have, you know, our utilization... Utilization varies campus to campus, of course.
- I want to go back to the utilization question real quickly.
FL
Florida 2026 Regular Session
Joint Committee on Public Counsel Oversight Jan 13th, 2025
Transcript Highlights:
- And those clauses are designed to quickly recover the monies to the utilities.
- Utilities will bring in maybe a...
- You can anticipate something that the utility needs to accomplish in the future.
- utility.
- Alumni from my office are managing utility vice presidents.
Summary:
The joint committee met with a quorum present and first received an overview of its jurisdiction and duties related to appointing the Florida Public Counsel. Staff explained the committee’s authority under joint rules and state law, noted that the current Public Counsel’s term expires February 28, 2025, and that applications for the next four-year term were open with a February 6, 2025 deadline. The committee then heard an extensive update from Public Counsel Walt Truerweiler on the Office of Public Counsel’s work representing utility ratepayers before the Public Service Commission and in appeals.
Truerweiler described the office’s caseload and priorities, including electric, gas, water, and wastewater rate cases; storm recovery dockets; cost-recovery clauses; rulemakings; and customer service hearings. He emphasized that the office seeks to challenge unsupported or imprudent costs, find value for customers, and use expert analysis and customer testimony to shape outcomes. He highlighted recent and ongoing matters, including major Duke, TECO, Sunshine water/wastewater, and hurricane recovery proceedings, and said the office had fully litigated four of its last five rate cases, while also achieving a major settlement in Duke that reduced a requested increase and imposed cost controls on solar projects.
Members praised the office’s work and asked about the benefits of settlements, staffing and compensation, and how the office decides when to fully intervene versus provide guidance or monitor a case. Truerweiler said settlements can create predictability, reduce uncertainty and expense, and produce tangible value for both customers and utilities. He also acknowledged recruitment challenges, including lower pay than comparable agencies and difficulty attracting attorneys who do not want in-person litigation work. The committee took no substantive action beyond receiving the presentations, and adjourned after a motion was adopted.
TX
Texas 89th Regular
Senate Committee on Water, Agriculture, and Rural Affairs Feb 10th, 2025
Water, Agriculture and Rural Affairs
Transcript Highlights:
- Yes, sir, we utilized our SRF.
- The agency also has the authority to create municipal utility districts, special utility districts, municipal
- an acquisition by a larger utility.
- Often, this means a small utility in need of assistance is being acquired by a larger utility that has
- of the acquired utility.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Telecommunications, Utilities and Energy Jun 21st, 2026 at 01:00 pm
Joint Committee on Telecommunications, Utilities and Energy
Transcript Highlights:
- Welcome to the Joint Committee on Telecommunications, Utilities, and Energy.
- Fortunately, I don't represent utilities.
- The installation happens, and then you wait weeks or months until the utilities turn you on.
- First, homeowners should not have to pay for utility upgrades.
- Third, it should be possible to transfer solar credits from a utility customer to anyone else.
Summary:
The hearing focused broadly on solar policy and several related bills, especially S. 2269, S. 2270, H. 3520, H. 3521, and related measures on distributed energy resources, municipal solar caps, permitting reform, and tax credits. Testimony from the Air Force supported S. 2232, which would exempt federal military installations from renewable energy production caps and net metering limits to support energy resilience at bases like Hanscom. Most other witnesses argued that Massachusetts needs to speed up rooftop, municipal, and community solar deployment to address high electricity prices, federal tax credit rollbacks, grid reliability, and climate goals.
A major theme was streamlining permitting through automated or “smart” solar permitting, including a statewide platform managed by DOER. Permit Power, SEIA, Vote Solar, 350 Mass, and others said current local permitting is fragmented and costly, and that instant permitting could reduce soft costs and speed installations. Several witnesses also urged changes to interconnection rules, including flexible interconnection, remote inspections, and faster utility approval timelines. Some speakers raised concerns about small towns lacking staff to meet short deadlines and suggested a state-hosted platform to reduce the burden on municipalities.
Another major topic was lifting caps on solar deployment. Municipal officials from Lexington and Cambridge said the 10-megawatt municipal cap and regional caps are blocking shovel-ready projects and should be removed, including for behind-the-meter municipal solar and MBTA-community housing. Other witnesses described additional limits on project size, net metering, and residential tax credits, and called for making the state residential solar credit refundable and larger. Several speakers also supported virtual power plants, distributed energy resource targets, solar canopies, microgrids, and expanded access for affordable housing, tenants, and low- and moderate-income customers.
No votes were taken. Committee members asked questions about permitting timelines, grid modernization, the rationale for caps, balcony solar, and interconnection delays, and witnesses said they would follow up with additional information where needed. The hearing ended with broad support from industry, municipal, environmental, and advocacy groups for advancing the solar and distributed energy bills, while some witnesses opposed provisions they viewed as overly restrictive, such as mandatory SMART participation for all solar projects.
NH
New Hampshire 2025 Regular Session
House Ways and Means (04/01/2025)
Transcript Highlights:
- And you're saying utility and non-utility property tax.
- <01:08:28.719>
and And you you're saying utility and And you you're saying utility and non-utility - Uh uh uh my they are utilities.
- So I assume utility property tax.
- and non-utility utility taxpayers and non-utility taxpayers,<01:08:58.880>
I'm <01:08:59.120><
Summary:
The committee held a work session on HB 302, which would add precious metals and digital assets as potential investment options. State Treasurer Monica Misipelli said she took no position on the bill and did not see an immediate fiscal impact or operational problem, but explained that the state’s operating funds and rainy day fund require liquidity and stability, so they would not be suitable for volatile assets like precious metals or digital assets. She said the only funds that might potentially use such investments would be certain trust funds held in perpetuity, which are managed by an outside investment advisor under a contract and investment policy.
Members asked about the treasurer’s current investment practices, including the types of funds managed, the role and discretion of the investment advisor, the state’s risk profile, and whether the bill would affect existing authority. Misipelli said the office follows RSA 11 and related statutes, with different objectives ranging from conservative to aggressive depending on the fund, and that the advisor meets with the office regularly, with formal performance reviews on a quarterly basis. She also said the office recently centralized management of about 40 trust accounts totaling roughly $60 million into five combined portfolios under a five-year contract with an RFP-selected vendor. When asked whether precious metals or digital assets are already indirectly available through mutual funds, she said that was possible for some mutual funds, but she was not certain about digital assets.
Representative Ammon, the bill’s sponsor, said similar legislation had passed the Oklahoma House, the Texas House and Senate, and had advanced in Arizona. He argued the bill was intended to give the treasurer more tools to help balance portfolios and hedge inflation, noting concerns about federal debt and inflation. No vote was taken in the excerpt, and the chair ended the questioning after thanking the treasurer and asking her to remain available in case further questions arose.