Report Title:

Telecommunications Carrier; Rates; Telephone Director Advertising Revenues Disregarded

Description:

Prohibits the PUC from using telephone directory advertising revenues of an organization, trade, or business, to determine regulated rates or charges of a telecommunications carrier in cases where both entities are owned or controlled directly or indirectly by the same interests. (SD1)

HOUSE OF REPRESENTATIVES

H.B. NO.

96

TWENTY-SECOND LEGISLATURE, 2003

H.D. 1

STATE OF HAWAII

S.D. 1


 

A BILL FOR AN ACT

 

relating to public utilities.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Section 269-16, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows:

"(e) In any case of two or more organizations, trades, or businesses (whether or not incorporated, whether or not organized in the State of Hawaii, and whether or not affiliated) owned or controlled directly or indirectly by the same interests, the commission may distribute, apportion, or allocate gross income, deductions, credits or allowances between or among the organizations, trades, or businesses, if it determines that the distribution, apportionment, or allocation is necessary in order to adequately reflect the income of any such organizations, trades, or businesses to carry out the regulatory duties imposed by this section[.]; provided that the commission shall not use or impute telephone directory advertising revenues of one of the said organizations, trades, or businesses, to determine or establish regulated rates or charges for a telecommunications carrier that is another of the said organizations, trades, or businesses."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 3000.