STAND. COM. REP. NO.  202-18


Honolulu, Hawaii

                , 2018


RE:   H.B. No. 2431

      H.D. 1





Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii




     Your Committee on Energy & Environmental Protection, to which was referred H.B. No. 2431 entitled:




begs leave to report as follows:


     The purpose of this measure is to require the Public Utilities Commission to establish performance incentive and penalty mechanisms to incentivize electric utilities to achieve the State's energy goals as they may apply to the regulation of electric utility rates.


     The Division of Consumer Advocacy of the Department of Commerce and Consumer Affairs, Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii, Blue Planet Foundation, Hawaii Solar Energy Association, and several concerned individuals supported this measure.  The Hawaiian Electric Company, Maui Electric Company, and Hawaii Electric Light Company opposed this measure.  The Public Utilities Commission offered comments.  


     Your Committee has amended this measure by changing its effective date to January 28, 2045, to facilitate further discussion.


     As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2431, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2431, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.



Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,