HawaiiRELATING TO THE PUBLIC UTILITIES COMMISSION.
What it does
Clarifies that, for electric utilities, "performance-based incentives" include revenue adjustment mechanisms, cost control mechanisms, rewards for superior performance, and penalties for subpar performance. Authorizes the Public Utilities Commission to adopt alternative ratemaking procedures to establish electric utility rates and performance-based incentives. Requires the Commission to apply a presumption in favor of considering historical cost trends and external indices that reflect incentives to control costs if the Commission resets an electric utility's allowed revenues based on consideration of the utility's costs.
More detail
Effective 7/1/3000. (HD1)
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 18Reported from EEP (Stand. Com. Rep. No. 447-26) as amended in HD 1, recommending passage on Second Reading and referral to CPC.Latest
- Vote recorded Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC. Result: pass.Lower
- Feb 18Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and none excused (0).Minor
- Feb 12The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Lowen, Perruso, Chun, Kahaloa, Kusch, Quinlan, Matsumoto; Ayes with reservations: none; Noes: none; and Excused: none.Minor
- Vote recorded The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
- Feb 6Bill scheduled to be heard by EEP on Thursday, 02-12-26 9:45AM in House conference room 325 VIA VIDEOCONFERENCE.
- Jan 30Referred to EEP, CPC, referral sheet 5Minor
- Jan 28Introduced and Pass First Reading.Minor
- Jan 26Pending introduction.Introduced
- Feb 18Reported from EEP (Stand. Com. Rep. No. 447-26) as amended in HD 1, recommending passage on Second Reading and referral to CPC.Latest