HawaiiHB 9742025–2026 Regular Session (Year 2)HouseWALLET

RELATING TO ENERGY.

Sponsored By: Nicole E. Lowen (Democratic)

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Summary

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. 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)

BNFPublic Utilities CommissionEnergyStep-In AgreementsPower Purchase AgreementsPower Purchase Costs Trust FundEIG/CPN, WAM

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Nicole E. Lowen

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 120 • No: 1

Senate vote • 3/20/2025

The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 4 • No: 0

Senate vote • 3/20/2025

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 4 • No: 1

House vote • 2/27/2025

House Floor Vote

Yes: 47 • No: 0

House vote • 2/20/2025

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes ...

Yes: 14 • No: 0

House vote • 2/14/2025

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN...

Yes: 47 • No: 0

House vote • 2/13/2025

The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The ...

Yes: 4 • No: 0

Bill Text

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