HawaiiHB 9742025–2026 Regular Session (Year 2)House

RELATING TO ENERGY.

Sponsored By: Nicole E. Lowen (Democratic)

Passed

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: 106 • 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 2/14/2025

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

Actions Timeline

  1. Carried over to 2026 Regular Session.

    12/8/2025
  2. The committee on WAM deferred the measure.

    4/3/2025Senate
  3. The committee(s) on WAM deferred the measure until 04-03-25 10:02AM; Conference Room 211 & Videoconference.

    3/28/2025Senate
  4. The committee(s) on WAM will hold a public decision making on 03-28-25 10:02AM; Conference Room 211 & Videoconference.

    3/25/2025Senate
  5. Reported from EIG/CPN (Stand. Com. Rep. No. 1348) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

    3/21/2025Senate
  6. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

    3/21/2025Senate
  7. The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Richards; Aye(s) with reservations: Senator(s) Fukunaga, McKelvey ; 1 No(es): Senator(s) Awa; and 0 Excused: none.

    3/20/2025Senate
  8. The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 4 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

    3/20/2025Senate
  9. The committee(s) on EIG/CPN has scheduled a public hearing on 03-20-25 9:30AM; Conference Room 229 & Videoconference.

    3/14/2025Senate
  10. Referred to EIG/CPN, WAM.

    3/4/2025Senate
  11. Received from House (Hse. Com. No. 45).

    2/28/2025Senate
  12. Passed First Reading.

    2/28/2025Senate
  13. Reported from FIN (Stand. Com. Rep. No. 886), recommending passage on Third Reading.

    2/27/2025House
  14. Passed Third Reading with Representative(s) Amato, Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). Transmitted to Senate.

    2/27/2025House
  15. The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Alcos, Ward.

    2/20/2025House
  16. Bill scheduled to be heard by FIN on Thursday, 02-20-25 12:00PM in House conference room 308 VIA VIDEOCONFERENCE.

    2/18/2025House
  17. Reported from EEP (Stand. Com. Rep. No. 769) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

    2/14/2025House
  18. Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Amato, Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).

    2/14/2025House
  19. The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 4 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Quinlan, Ward.

    2/13/2025House
  20. The committee(s) on EEP recommend(s) that the measure be deferred until 02-13-25 10:15AM.

    2/11/2025House
  21. Bill scheduled for decision making on Thursday, 02-13-25 10:15AM in conference room 325 VIA VIDEOCONFERENCE.

    2/11/2025House
  22. The committee(s) on EEP recommend(s) that the measure be deferred until 02-11-25 10:20AM.

    2/6/2025House
  23. Bill scheduled for decision making on Tuesday, 02-11-25 10:20AM in conference room 325 VIA VIDEOCONFERENCE.

    2/6/2025House
  24. The committee(s) on EEP recommend(s) that the measure be deferred until 02-06-25.

    1/30/2025House
  25. Bill scheduled for decision making on Thursday, 02-06-25 9:01AM in conference room 325 VIA VIDEOCONFERENCE.

    1/30/2025House

Bill Text

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