Requires the Department of Budget and Finance to enter into step-in agreements for payment obligations arising under certain power purchase agreements. Establishes the Power Purchase Costs Trust Fund. Establishes that revenues from on-bill charges for power purchase agreements and money from a surcharge supporting a reserve account shall be held in trust by the Department of Budget and Finance, and that independent power producers shall hold a beneficial interest in the revenues to the extent of the amounts owed under the covered power purchase agreements.
More detail
Appoints, authorizes, and empowers the electric utility to serve as the billing, collection, and payment agent of the Department of Budget and Finance in the service of performing step-in agreements. (CD1)
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More on this bill
Where it stands
Introduced
Passed Senate
Passed House
To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Jun 6Act 191, 06/06/2025 (Gov. Msg. No. 1291).Latest
Jun 6Act 191, on 06/06/2025 (Gov. Msg. No. 1291).Major
May 2Received notice of passage on Final Reading in House (Hse. Com. No. 821).Minor
May 2Enrolled to Governor.To Governor
May 1Received notice of Final Reading (Sen. Com. No. 888).Minor
Apr 30Passed Final Reading, as amended (CD 1). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none).Major
Vote recorded Passed Final Reading, as amended (CD 1). Result: pass.Upper
Apr 30Passed Final Reading as amended in CD 1 with Representative(s) Iwamoto voting aye with reservations; Representative(s) Garcia, Muraoka, Pierick, Shimizu voting no (4) and Representative(s) Cochran excused (1).Major
Apr 25Conference committee meeting to reconvene on 04-25-25 5:15 PM; Conference Room 309.
Vote recorded The Conference Committee recommends that the measure be Passed, with Amendments. Result: pass.Lower
Vote recorded The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Apr 25Conference committee meeting to reconvene on 04-25-25 5:50 PM; Conference Room 309.
Apr 25The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Hashimoto, Keohokalole, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
Apr 25The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Lowen, Yamashita, Kusch, Perruso; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Alcos.
Apr 25Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 201).
Apr 2548 Hrs. Notice (as amended CD 1) 04-30-25.
Apr 25Reported from Conference Committee (Conf Com. Rep. No. 201) as amended in (CD 1).
Apr 17Received notice of Senate conferees (Sen. Com. No. 825).Minor
Apr 4Received from House (Hse. Com. No. 496).Minor
Apr 4Senate disagrees with House amendments.Minor
Apr 4Received notice of disagreement (Sen. Com. No. 590).Minor
Apr 3Reported from FIN (Stand. Com. Rep. No. 1936), recommending passage on Third Reading.
Apr 3Passed Third Reading with Representative(s) Iwamoto voting aye with reservations; Representative(s) Garcia, Muraoka, Pierick voting no (3) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate.Passed House
Mar 31The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Holt, Ward.Minor
Vote recorded The committee on FIN recommend that the measure be PASSED, UNAMENDED. Result: pass.Lower
Mar 28Bill scheduled to be heard by FIN on Monday, 03-31-25 3:15PM in House conference room 308 VIA VIDEOCONFERENCE.
Mar 21Reported from EEP (Stand. Com. Rep. No. 1492) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
Mar 21Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Garcia, Muraoka, Pierick voting no (3) and Representative(s) Cochran, Garrett, Kapela, Kitagawa, Ward excused (5).Minor
Mar 20The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch, Quinlan; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Ward.Minor
Vote recorded The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Mar 18The committee(s) on EEP recommend(s) that the measure be deferred until 03-20-25 11:30AM.Minor
Mar 18Bill scheduled for decision making on Thursday, 03-20-25 11:30AM in conference room 325 VIA VIDEOCONFERENCE.
Mar 14Bill scheduled for decision making on Tuesday, 03-18-25 9:20AM in conference room 325 VIA VIDEOCONFERENCE.
Mar 12The committee(s) on EEP recommend(s) that the measure be deferred until 03-18-25.Minor
Mar 11The committee(s) on EEP recommend(s) that the measure be deferred until 03-12-25 11:15AM.Minor
Mar 11Bill scheduled for decision making on Wednesday, 03-12-25 11:15AM in conference room 325 VIA VIDEOCONFERENCE.
Mar 7Bill scheduled to be heard by EEP on Tuesday, 03-11-25 9:00AM in House conference room 325 VIA VIDEOCONFERENCE.
Mar 6Pass First ReadingMinor
Mar 6Referred to EEP, FIN, referral sheet 19Minor
Mar 4Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none). Transmitted to House.Passed Senate
Vote recorded Report Adopted; Passed Third Reading, as amended (SD 2). Result: pass.Upper
Mar 4Received from Senate (Sen. Com. No. 356) in amended form (SD 2).Minor
Feb 28Reported from WAM (Stand. Com. Rep. No. 1050) with recommendation of passage on Third Reading, as amended (SD 2).
Feb 2848 Hrs. Notice 03-04-25.
Feb 27The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
Vote recorded The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Feb 21The committee(s) on WAM will hold a public decision making on 02-27-25 10:30AM; Conference Room 211 & Videoconference.
Feb 14Reported from EIG/CPN (Stand. Com. Rep. No. 674) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Feb 14Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
Feb 11The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 5 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Vote recorded The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Feb 11The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: none ; 1 No(es): Senator(s) Awa; and 1 Excused: Senator(s) McKelvey.Minor
Feb 6The committee(s) on EIG/CPN has scheduled a public hearing on 02-11-25 9:30AM; Conference Room 229 & Videoconference.