SB 2487: PUC; RATEMAKING; PERFORMANCE-BASED INCENTIVES; HAWAII RATEPAYER PROTECTION ACT OF 2026

Session Year: 2025-2026
House: Senate
Latest Version Date: 2026-05-01

Current Status:

In Progress

(2026-05-08: Enrolled to Governor.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Requires the Public Utilities Commission to establish performance-based incentives, including revenue adjustment mechanisms, cost control mechanisms, and reward and penalty mechanisms on or before 1/1/2027. Clarifies that the Public Utilities Commission is authorized to adopt alternative ratemaking procedures to establish electric utility rates and performance-based incentives. (CD1)

Discussed in Hearing