All Roll Calls
Yes: 219 • No: 1
HawaiiSB 24872025–2026 Regular Session (Year 2)SenateWALLET
RELATING TO THE PUBLIC UTILITIES COMMISSION.
Sponsored By: Jarrett Keohokalole (Democratic)
Signed by Governor
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
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New performance rules for electric utilities
The law requires Hawaii’s Public Utilities Commission to set electric utility performance incentives by January 1, 2027. The incentives must tie utility revenue to performance and include revenue adjustments, cost controls, and rewards or penalties. The commission can use alternative procedures to set rates, but those rates must come from a performance-based model. When reviewing performance, the commission must consider bills and affordability, reliability, customer feedback and information access, renewable energy connections, and timely procurement and interconnection. These rules do not apply to member-owned electric cooperatives. The law took effect upon approval; it does not set a specific change to household bills.
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 • 5/6/2026
House Floor Vote
Yes: 51 • No: 0
House vote • 5/1/2026
The Conference Committee recommends that the measure be Passed, with Amendments....
Yes: 4 • No: 0
Senate vote • 5/1/2026
The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS....
Yes: 4 • No: 0
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: 48 • No: 0
House vote • 3/19/2026
The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The ...
Yes: 6 • 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
Act 093, 06/05/2026 (Gov. Msg. No. 1193).
6/5/2026SenateAct 093, on 06/05/2026 (Gov. Msg. No. 1193).
6/5/2026HouseReceived notice of passage on Final Reading in House (Hse. Com. No. 888).
5/8/2026SenateEnrolled to Governor.
5/8/2026SenatePassed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
5/6/2026SenatePassed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
5/6/2026HouseReceived notice of Final Reading (Sen. Com. No. 816).
5/6/2026HouseThe Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 4 Aye(s): Senator(s) Keohokalole, Wakai, Inouye, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey.
5/1/2026SenateThe Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Lowen, Matayoshi, Perruso, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
5/1/2026HouseReported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 184-26).
5/1/2026Senate48 Hrs. Notice (as amended CD 1) 05-06-26.
5/1/2026SenateReported from Conference Committee (Conf Com. Rep. No. 184-26) as amended in (CD 1).
5/1/2026HouseForty-eight (48) hours notice Wednesday, 05-06-26.
5/1/2026HouseConference committee meeting to reconvene on 05-01-26 2:30PM; Conference Room 224.
4/30/2026SenateConference committee meeting to reconvene on 04-30-26 2:40PM; Conference Room 224.
4/29/2026SenateConference committee meeting to reconvene on 04-29-26 2:40PM; CR 224.
4/28/2026SenateConference committee meeting to reconvene on 04-28-26 2:40PM; Conference Room 224.
4/27/2026SenateConference 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).
4/16/2026Senate
Bill Text
Bill Text
Original
SB2487_CD1
SB2487_HD1
SB2487_SD1
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