HawaiiRELATING TO ELECTRIC UTILITIES.
What it does
Part I: Requires the Public Utilities Commission to impose certain conditions of approval on any order approving, in whole or in part, an application for the proposed acquisition, merger, or consolidation of an electric utility company by an acquiring entity. Establishes a process to ensure that when an electric utility is subject to an application for a proposed acquisition, merger, or consolidation by a potential acquiring entity that is an investor-owned utility and seeks approval of the application from the Public Utilities Commission, it must demonstrate that it solicited bids from potential acquiring entities that operate under a non-investor-owned utility ownership model. Requires the electric utility to submit those acceptable bids concurrently with an application by a potential acquiring entity that is an investor-owned utility.
More detail
Part II: Authorizes the issuance of reimbursable GO bonds for acquiring Hawaiian Electric Industries and converting it to a publicly owned utility. Authorizes the establishment of a non-bypassable electric utility conversion charge, to be deposited into the new Electric Utility Conversion Special Fund. Appropriates Funds. Effective 7/1/3000. (HD2)
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 14Reported from CPC (Stand. Com. Rep. No. 780) as amended in HD 2, recommending referral to FIN.Latest
- Feb 14Report adopted; referred to the committee(s) on FIN as amended in HD 2 with Representative(s) Amato, Pierick voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).
- Feb 13The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Kong, Lowen, Marten, Tam; Ayes with reservations: Representative(s) Iwamoto; Noes: none; and 1 Excused: Representative(s) Pierick.Minor
- Vote recorded The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
- Feb 11Bill scheduled to be heard by CPC on Thursday, 02-13-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
- Feb 4Reported from EEP (Stand. Com. Rep. No. 90) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
- Feb 4Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with Representative(s) Garcia, Pierick voting aye with reservations; none voting no (0) and Representative(s) Cochran, Kong, Ward excused (3).Minor
- Jan 28The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 4 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Quinlan, Ward.Minor
- Vote recorded The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
- Jan 24Bill scheduled to be heard by EEP on Tuesday, 01-28-25 9:00AM in House conference room 325 VIA VIDEOCONFERENCE.
- Jan 21Referred to EEP, CPC, FIN, referral sheet 1Minor
- Jan 17Introduced and Pass First Reading.Minor
- Jan 16Pending introduction.Introduced