HawaiiRELATING TO ENERGY.
What it does
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 money collected from on-bill charges for power purchase agreements and money received from a surcharge supporting a reserve account that are deposited in the Trust Fund shall be held in trust by the State, and that independent power producers shall hold a beneficial interest in the moneys to the extent of the amounts owed under the covered power purchase agreements.
More detail
Appoints, authorizes, and empowers an 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. (SD1)
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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
- Dec 8Carried over to 2026 Regular Session.Latest
- Apr 3The committee on WAM deferred the measure.Minor
- Mar 28The committee(s) on WAM deferred the measure until 04-03-25 10:02AM; Conference Room 211 & Videoconference.Minor
- Mar 25The committee(s) on WAM will hold a public decision making on 03-28-25 10:02AM; Conference Room 211 & Videoconference.
- Mar 21Reported from EIG/CPN (Stand. Com. Rep. No. 1348) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
- Mar 21Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
- Mar 20The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Richards; Aye(s) with reservations: Senator(s) Fukunaga, McKelvey ; 1 No(es): Senator(s) Awa; and 0 Excused: none.Minor
- Vote recorded The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Mar 20The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 4 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.Minor
- Mar 14The committee(s) on EIG/CPN has scheduled a public hearing on 03-20-25 9:30AM; Conference Room 229 & Videoconference.
- Mar 4Referred to EIG/CPN, WAM.Minor
- Feb 28Received from House (Hse. Com. No. 45).Minor
- Feb 28Passed First Reading.Minor
- Feb 27Reported from FIN (Stand. Com. Rep. No. 886), recommending passage on Third Reading.
- Vote recorded Passed Third Reading. Result: pass.Lower
- Feb 27Passed Third Reading with Representative(s) Amato, Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). Transmitted to Senate.Passed House
- Feb 20The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Alcos, Ward.Minor
- Vote recorded The committee on FIN recommend that the measure be PASSED, UNAMENDED. Result: pass.Lower
- Feb 18Bill scheduled to be heard by FIN on Thursday, 02-20-25 12:00PM in House conference room 308 VIA VIDEOCONFERENCE.
- Feb 14Reported from EEP (Stand. Com. Rep. No. 769) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
- Vote recorded Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN. Result: pass.Lower
- Feb 14Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Amato, Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).Minor
- Feb 13The 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
- Feb 11The committee(s) on EEP recommend(s) that the measure be deferred until 02-13-25 10:15AM.Minor
- Feb 11Bill scheduled for decision making on Thursday, 02-13-25 10:15AM in conference room 325 VIA VIDEOCONFERENCE.
- Feb 6The committee(s) on EEP recommend(s) that the measure be deferred until 02-11-25 10:20AM.Minor
- Feb 6Bill scheduled for decision making on Tuesday, 02-11-25 10:20AM in conference room 325 VIA VIDEOCONFERENCE.
- Jan 30The committee(s) on EEP recommend(s) that the measure be deferred until 02-06-25.Minor
- Jan 30Bill scheduled for decision making on Thursday, 02-06-25 9:01AM in conference room 325 VIA VIDEOCONFERENCE.
- Jan 27Bill scheduled to be heard by EEP on Thursday, 01-30-25 9:00AM in House conference room 325 VIA VIDEOCONFERENCE.
- Jan 23Introduced and Pass First Reading.Minor
- Jan 23Referred to EEP, FIN, referral sheet 3Minor
- Jan 21Pending introduction.Introduced