HB 2244: PUC; RATEMAKING; PERFORMANCE-BASED INCENTIVES; HAWAII RATEPAYER PROTECTION ACT
- Session Year: 2025-2026
- House: House
- Latest Version Date: 2026-02-17
Current Status:
In Progress
(2026-02-18: Passed 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).)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
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. Effective 7/1/3000. (HD1)
Discussed in Hearing
20MINHouse Standing Committee on Energy & Environmental Protection
20MINHouse Standing Committee on Tourism
24SECHouse Standing Committee on Energy & Environmental Protection
24SEC