All Roll Calls
Yes: 155 • No: 1
HawaiiSB 24872025–2026 Regular Session (Year 2)Senate
RELATING TO THE PUBLIC UTILITIES COMMISSION.
Sponsored By: Jarrett Keohokalole (Democratic)
Passed
Summary
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. Requires the Public Utilities 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)
PUCRatemakingPerformance-Based IncentivesHawaii Ratepayer Protection Act of 2026EEP, CPC, FIN
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Jarrett Keohokalole
Democratic • Senate
Cosponsors
Stanley Chang
Democratic • Senate
Kurt Fevella
Republican • Senate
Troy N. Hashimoto
Democratic • Senate
Angus L.K. McKelvey
Democratic • Senate
Sharon Y. Moriwaki
Democratic • Senate
Joy A. San Buenaventura
Democratic • Senate
Glenn Wakai
Democratic • Senate
Roll Call Votes
House vote • 4/14/2026
House Floor Vote
Yes: 50 • No: 0
House vote • 4/7/2026
The committee on CPC recommend that the measure be PASSED, UNAMENDED. The votes ...
Yes: 10 • No: 1
House vote • 3/24/2026
Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC...
Yes: 49 • No: 0
Senate vote • 3/6/2026
Senate Floor Vote
Yes: 24 • No: 0
Senate vote • 3/3/2026
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The...
Yes: 12 • No: 0
Senate vote • 2/4/2026
The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENT...
Yes: 5 • No: 0
Senate vote • 2/4/2026
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT...
Yes: 5 • No: 0
Actions Timeline
Conference committee meeting to reconvene on 04-27-26 2:40PM; CR 224.
4/24/2026SenateSenate Conferees Appointed: Keohokalole Chair; Wakai, Inouye Co-Chairs; McKelvey, Awa.
4/23/2026SenateConference committee meeting scheduled for 04-24-26 3:30PM; Conference Room 224.
4/23/2026SenateReceived notice of Senate conferees (Sen. Com. No. 740).
4/23/2026HouseRe-referred to EEP, CPC, FIN, referral sheet 30
4/20/2026HouseHouse Conferees Appointed: Lowen, Matayoshi, Perruso Co-Chairs; Matsumoto.
4/20/2026HouseReceived notice of appointment of House conferees (Hse. Com. No. 787).
4/20/2026SenateReceived from House (Hse. Com. No. 665).
4/16/2026SenateSenate disagrees with House amendments.
4/16/2026SenateReceived notice of disagreement (Sen. Com. No. 710).
4/16/2026HousePassed Third Reading with Representative(s) Shimizu voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). Transmitted to Senate.
4/14/2026HouseReported from CPC (Stand. Com. Rep. No. 2123-26), recommending passage on Third Reading.
4/10/2026HouseThe committee on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Ichiyama, Iwamoto, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; 1 Noes: Representative(s) Kong; and Excused: none.
4/7/2026HouseBill scheduled to be heard by CPC on Tuesday, 04-07-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.
4/2/2026HouseReported from EEP (Stand. Com. Rep. No. 1379-26) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
3/24/2026HousePassed 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 Representative(s) Garrett, Quinlan excused (2).
3/24/2026HouseThe committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Lowen, Perruso, Chun, Kahaloa, Kusch, Matsumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Quinlan.
3/19/2026HouseBill scheduled to be heard by EEP on Thursday, 03-19-26 9:40AM in House conference room 325 VIA VIDEOCONFERENCE.
3/16/2026HousePass First Reading
3/10/2026HouseReferred to EEP, CPC, referral sheet 16
3/10/2026HouseReport Adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House.
3/6/2026SenateReceived from Senate (Sen. Com. No. 56) in amended form (SD 1).
3/6/2026HouseReported from WAM (Stand. Com. Rep. No. 2861) with recommendation of passage on Third Reading.
3/5/2026SenateOne Day Notice 03-06-26.
3/5/2026SenateThe committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
3/3/2026Senate
Bill Text
Bill Text
Original
SB2487_HD1
SB2487_SD1
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