# Hawaii SB 2487: RELATING TO THE PUBLIC UTILITIES COMMISSION. Hawaii SB 2487, RELATING TO THE PUBLIC UTILITIES COMMISSION., is a 2025–2026 Regular Session (Year 2) Senate bill sponsored by Jarrett Keohokalole (Democratic); status signed, last action 2026-06-05 (Act 093, 06/05/2026 (Gov. Msg. No. 1193).); PRIA reads it as touching household money (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/HI-SB2487-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Hawaii SB 2487 - State: Hawaii - Session: 2025–2026 Regular Session (Year 2) - Title: RELATING TO THE PUBLIC UTILITIES COMMISSION. - Status: signed - Chamber: Senate - Introduced: 2026-01-22 - Last action: 2026-06-05, Act 093, 06/05/2026 (Gov. Msg. No. 1193). - Sponsor: Jarrett Keohokalole (Democratic) - Cosponsors: 7 - Subjects: PUC, Ratemaking, Performance-Based Incentives, Hawaii Ratepayer Protection Act of 2026, EEP, CPC, FIN - Touches household money: yes - Roll calls: 11 (219 yes, 1 no in all) - Economic provisions PRIA read: 1 ## 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) ## Bill overview: provisions PRIA read - New performance rules for electric utilities: mixed, medium. 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… ## Sponsors and cosponsors - Sponsor: Jarrett Keohokalole (Democratic), Senate - Cosponsor: Stanley Chang (Democratic), Senate - Cosponsor: Kurt Fevella (Republican), Senate - Cosponsor: Troy N. Hashimoto (Democratic), Senate - Cosponsor: Angus L.K. McKelvey (Democratic), Senate - Cosponsor: Sharon Y. Moriwaki (Democratic), Senate - Cosponsor: Joy A. San Buenaventura (Democratic), Senate - Cosponsor: Glenn Wakai (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-05-06 | House | House Floor Vote | pass | 51 | 0 | | | 2026-05-01 | House | The Conference Committee recommends that the measure be Passed, with Amendments.... | pass | 4 | 0 | | | 2026-05-01 | Senate | The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS.... | pass | 4 | 0 | | | 2026-04-14 | House | House Floor Vote | pass | 50 | 0 | | | 2026-04-07 | House | The committee on CPC recommend that the measure be PASSED, UNAMENDED. The votes ... | pass | 10 | 1 | | | 2026-03-24 | House | Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC... | pass | 48 | 0 | | | 2026-03-19 | House | The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The ... | pass | 6 | 0 | | | 2026-03-06 | Senate | Senate Floor Vote | pass | 24 | 0 | | | 2026-03-03 | Senate | The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The... | pass | 12 | 0 | | | 2026-02-04 | Senate | The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENT... | pass | 5 | 0 | | | 2026-02-04 | Senate | The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT... | pass | 5 | 0 | | ## Actions (51) - 2026-06-05: Act 093, 06/05/2026 (Gov. Msg. No. 1193). (Senate) - 2026-06-05: Act 093, on 06/05/2026 (Gov. Msg. No. 1193). (House) - 2026-05-08: Received notice of passage on Final Reading in House (Hse. Com. No. 888). (Senate) - 2026-05-08: Enrolled to Governor. (Senate) - 2026-05-06: Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none. (Senate) - 2026-05-06: Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0). (House) - 2026-05-06: Received notice of Final Reading (Sen. Com. No. 816). (House) - 2026-05-01: The 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. (Senate) - 2026-05-01: The 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. (House) - 2026-05-01: Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 184-26). (Senate) - 2026-05-01: 48 Hrs. Notice (as amended CD 1) 05-06-26. (Senate) - 2026-05-01: Reported from Conference Committee (Conf Com. Rep. No. 184-26) as amended in (CD 1). (House) - 2026-05-01: Forty-eight (48) hours notice Wednesday, 05-06-26. (House) - 2026-04-30: Conference committee meeting to reconvene on 05-01-26 2:30PM; Conference Room 224. (Senate) - 2026-04-29: Conference committee meeting to reconvene on 04-30-26 2:40PM; Conference Room 224. (Senate) - 2026-04-28: Conference committee meeting to reconvene on 04-29-26 2:40PM; CR 224. (Senate) - 2026-04-27: Conference committee meeting to reconvene on 04-28-26 2:40PM; Conference Room 224. (Senate) - 2026-04-24: Conference committee meeting to reconvene on 04-27-26 2:40PM; CR 224. (Senate) - 2026-04-23: Senate Conferees Appointed: Keohokalole Chair; Wakai, Inouye Co-Chairs; McKelvey, Awa. (Senate) - 2026-04-23: Conference committee meeting scheduled for 04-24-26 3:30PM; Conference Room 224. (Senate) - 2026-04-23: Received notice of Senate conferees (Sen. Com. No. 740). (House) - 2026-04-20: Re-referred to EEP, CPC, FIN, referral sheet 30 (House) - 2026-04-20: House Conferees Appointed: Lowen, Matayoshi, Perruso Co-Chairs; Matsumoto. (House) - 2026-04-20: Received notice of appointment of House conferees (Hse. Com. No. 787). (Senate) - 2026-04-16: Received from House (Hse. Com. No. 665). (Senate) - 2026-04-16: Senate disagrees with House amendments. (Senate) - 2026-04-16: Received notice of disagreement (Sen. Com. No. 710). (House) - 2026-04-14: Passed Third Reading with Representative(s) Shimizu voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). Transmitted to Senate. (House) - 2026-04-10: Reported from CPC (Stand. Com. Rep. No. 2123-26), recommending passage on Third Reading. (House) - 2026-04-07: The 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. (House) - 2026-04-02: Bill scheduled to be heard by CPC on Tuesday, 04-07-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE. (House) - 2026-03-24: Reported from EEP (Stand. Com. Rep. No. 1379-26) as amended in HD 1, recommending passage on Second Reading and referral to CPC. (House) - 2026-03-24: Passed 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). (House) - 2026-03-19: The 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. (House) - 2026-03-16: Bill scheduled to be heard by EEP on Thursday, 03-19-26 9:40AM in House conference room 325 VIA VIDEOCONFERENCE. (House) - 2026-03-10: Pass First Reading (House) - 2026-03-10: Referred to EEP, CPC, referral sheet 16 (House) - 2026-03-06: Report Adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House. (Senate) - 2026-03-06: Received from Senate (Sen. Com. No. 56) in amended form (SD 1). (House) - 2026-03-05: Reported from WAM (Stand. Com. Rep. No. 2861) with recommendation of passage on Third Reading. (Senate) - 2026-03-05: One Day Notice 03-06-26. (Senate) - 2026-03-03: The 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. (Senate) - 2026-02-27: The committee(s) on WAM will hold a public decision making on 03-03-26 10:17AM; Conference Room 211 & Videoconference. (Senate) - 2026-02-13: Reported from CPN/EIG (Stand. Com. Rep. No. 2258) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. (Senate) - 2026-02-13: Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (Senate) - 2026-02-04: The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 5 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. (Senate) - 2026-02-04: The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. (Senate) - 2026-01-30: The committee(s) on CPN/EIG has scheduled a public hearing on 02-04-26 9:30AM; Conference Room 229 & Videoconference. (Senate) - 2026-01-28: Referred to CPN/EIG, WAM. (Senate) - 2026-01-22: Introduced. (Senate) - 2026-01-22: Passed First Reading. (Senate) ## Bill text - Bill Text: [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_CD1_.pdf) - Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/GM1193_.PDF) - SB2487_CD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_CD1_.HTM) - SB2487_HD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_HD1_.HTM) - SB2487_SD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_SD1_.HTM) ## Related bills - SB 847: RELATING TO PSYCHOLOGISTS. (became law) - SB 2338: RELATING TO HOUSING. (signed) - HB 2344: RELATING TO SCHOOL FACILITIES. (signed) - HB 2023: RELATING TO TRANSPORTATION. (signed) - HB 2021: RELATING TO TRANSPORTATION. (signed) - SB 2031: RELATING TO CONSUMER PROTECTION. (signed) ## Sources - [Bill Text (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_CD1_.pdf) - [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_.HTM) - [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/GM1193_.PDF) - [SB2487_CD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_CD1_.HTM) - [SB2487_HD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_HD1_.HTM) - [SB2487_SD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_SD1_.HTM) ## Related - [SB 847: RELATING TO PSYCHOLOGISTS.](https://policyrisk.com/state-bill/HI-SB847-2026) - [SB 2338: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-SB2338-2026) - [HB 2344: RELATING TO SCHOOL FACILITIES.](https://policyrisk.com/state-bill/HI-HB2344-2026) - [HB 2023: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2023-2026) - [HB 2021: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2021-2026) - [SB 2031: RELATING TO CONSUMER PROTECTION.](https://policyrisk.com/state-bill/HI-SB2031-2026) - [Hawaii bills](https://policyrisk.com/states/hawaii/bills) - [Hawaii state hub](https://policyrisk.com/states/hawaii) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/HI-SB2487-2026 (as of 2026-11-01).