Measure Title: RELATING TO ENERGY.
Report Title: BNF; Public Utilities Commission; Energy; Step-In Agreements; Power Purchase Agreements; Power Purchase Costs Trust Fund
Description: 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 revenues from on-bill charges for power purchase agreements and money from a surcharge supporting a reserve account shall be held in trust by the Department of Budget and Finance, and that independent power producers shall hold a beneficial interest in the revenues to the extent of the amounts owed under the covered power purchase agreements. Appoints, authorizes, and empowers the 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. (CD1)
Companion:  HB974
Package: None
Current Referral: EEP, FIN
Introducer(s): WAKAI
Act: 191

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6/6/2025HAct 191, on 06/06/2025 (Gov. Msg. No. 1291).
6/6/2025SAct 191, 06/06/2025 (Gov. Msg. No. 1291).
5/2/2025SEnrolled to Governor.
5/2/2025SReceived notice of passage on Final Reading in House (Hse. Com. No. 821).
5/1/2025HReceived notice of Final Reading (Sen. Com. No. 888).
4/30/2025HPassed Final Reading as amended in CD 1 with Representative(s) Iwamoto voting aye with reservations; Representative(s) Garcia, Muraoka, Pierick, Shimizu voting no (4) and Representative(s) Cochran excused (1).
4/30/2025SPassed Final Reading, as amended (CD 1). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none).
4/25/2025HForty-eight (48) hours notice Wednesday, 04-30-25.
4/25/2025HReported from Conference Committee (Conf Com. Rep. No. 201) as amended in (CD 1).
4/25/2025S48 Hrs. Notice (as amended CD 1) 04-30-25.
4/25/2025SReported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 201).
4/25/2025HThe Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Lowen, Yamashita, Kusch, Perruso; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Alcos.
4/25/2025SThe Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Hashimoto, Keohokalole, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
4/25/2025SConference committee meeting to reconvene on 04-25-25 5:50 PM; Conference Room 309.
4/25/2025SConference committee meeting to reconvene on 04-25-25 5:15 PM; Conference Room 309.
4/24/2025HConference Committee Meeting will reconvene on Friday 04-25-25 9:15AM in conference room 325.
4/23/2025HBill scheduled for Conference Committee Meeting on Thursday, 04-24-25 9:15AM in conference room 325.
4/17/2025HReceived notice of Senate conferees (Sen. Com. No. 825).
4/21/2025SReceived notice of appointment of House conferees (Hse. Com. No. 754).
4/17/2025SSenate Conferees Appointed: Hashimoto Chair; Keohokalole Co-Chair; Fevella.
4/17/2025HHouse Conferees Appointed: Lowen, Yamashita Co-Chairs; Kusch, Perruso, Alcos.
4/4/2025HReceived notice of disagreement (Sen. Com. No. 590).
4/4/2025SSenate disagrees with House amendments.
4/4/2025SReceived from House (Hse. Com. No. 496).
4/3/2025HPassed Third Reading with Representative(s) Iwamoto voting aye with reservations; Representative(s) Garcia, Muraoka, Pierick voting no (3) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate.
4/3/2025HReported from FIN (Stand. Com. Rep. No. 1936), recommending passage on Third Reading.
3/31/2025HThe committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Holt, Ward.
3/28/2025HBill scheduled to be heard by FIN on Monday, 03-31-25 3:15PM in House conference room 308 VIA VIDEOCONFERENCE.
3/21/2025HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Garcia, Muraoka, Pierick voting no (3) and Representative(s) Cochran, Garrett, Kapela, Kitagawa, Ward excused (5).
3/21/2025HReported from EEP (Stand. Com. Rep. No. 1492) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
3/20/2025HThe committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch, Quinlan; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Ward.
3/18/2025HBill scheduled for decision making on Thursday, 03-20-25 11:30AM in conference room 325 VIA VIDEOCONFERENCE.
3/18/2025HThe committee(s) on EEP recommend(s) that the measure be deferred until 03-20-25 11:30AM.
3/14/2025HBill scheduled for decision making on Tuesday, 03-18-25 9:20AM in conference room 325 VIA VIDEOCONFERENCE.
3/12/2025HThe committee(s) on EEP recommend(s) that the measure be deferred until 03-18-25.
3/11/2025HBill scheduled for decision making on Wednesday, 03-12-25 11:15AM in conference room 325 VIA VIDEOCONFERENCE.
3/11/2025HThe committee(s) on EEP recommend(s) that the measure be deferred until 03-12-25 11:15AM.
3/7/2025HBill scheduled to be heard by EEP on Tuesday, 03-11-25 9:00AM in House conference room 325 VIA VIDEOCONFERENCE.
3/6/2025HReferred to EEP, FIN, referral sheet 19
3/6/2025HPass First Reading
3/4/2025HReceived from Senate (Sen. Com. No. 356) in amended form (SD 2).
3/4/2025SReport Adopted; Passed Third Reading, as amended (SD 2). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none). Transmitted to House.
2/28/2025S48 Hrs. Notice 03-04-25.
2/28/2025SReported from WAM (Stand. Com. Rep. No. 1050) with recommendation of passage on Third Reading, as amended (SD 2).
2/27/2025SThe committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/21/2025SThe committee(s) on WAM will hold a public decision making on 02-27-25 10:30AM; Conference Room 211 & Videoconference.
2/14/2025SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/14/2025SReported from EIG/CPN (Stand. Com. Rep. No. 674) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2/11/2025SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: none ; 1 No(es): Senator(s) Awa; and 1 Excused: Senator(s) McKelvey.
2/11/2025SThe 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.
2/6/2025SThe committee(s) on EIG/CPN has scheduled a public hearing on 02-11-25 9:30AM; Conference Room 229 & Videoconference.
1/27/2025SReferred to EIG/CPN, WAM.
1/23/2025SIntroduced and passed First Reading.
1/22/2025SPending Introduction.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB1501 SD2 HD1 CD1

All Versions of this Measure

SB1501_CD1 Link to SB1501_CD1 .PDF file
SB1501_HD1 Link to SB1501_HD1 .PDF file
SB1501_SD2 Link to SB1501_SD2 .PDF file
SB1501_SD1 Link to SB1501_SD1 .PDF file
SB1501 Link to SB1501 .PDF file

Committee Reports

SB1501_SD1_SSCR674_ Link to committee report SB1501_SD1_SSCR674_ .PDF file
SB1501_SD2_SSCR1050_ Link to committee report SB1501_SD2_SSCR1050_ .PDF file
SB1501_HD1_HSCR1492_ Link to committee report SB1501_HD1_HSCR1492_ .PDF file
SB1501_HD1_HSCR1936_ Link to committee report SB1501_HD1_HSCR1936_ .PDF file
SB1501_CD1_CCR201_ Link to committee report SB1501_CD1_CCR201_ .PDF file

Testimony

SB1501_TESTIMONY_CPN-EIG_02-11-25_
SB1501_SD1_TESTIMONY_WAM_02-27-25_
SB1501_SD2_TESTIMONY_EEP_03-11-25_
SB1501_HD1_TESTIMONY_FIN_03-31-25_

Hearing Notices

EIG/CPN
2/11/25 9:30A
CR 229 & Videoconference
WAM
2/27/25 10:30A
CR 211 & Videoconference
EEP
3/11/25 9:00A
325 VIA VIDEOCONFERENCE
EEP
3/12/25 11:15A
325 VIA VIDEOCONFERENCE
EEP
3/18/25 9:20A
325 VIA VIDEOCONFERENCE
EEP
3/20/25 11:30A
325 VIA VIDEOCONFERENCE
FIN
3/31/25 3:15P
308 VIA VIDEOCONFERENCE
CONF
4/24/25 9:15A
325
CONF
4/25/25 9:15A
325