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Ka 'Aha'ōlelo Moku'āina 'O Hawai'i

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Measure details
Measure Title: RELATING TO THE PUBLIC UTILITIES COMMISSION.
Report Title: PUC; Ratemaking; Performance-Based Incentives; Hawaii Ratepayer Protection Act of 2026
Description: 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. (CD1)
Companion:  HB2244
Package: None
Current Referral: EEP, CPC, FIN
Introducer(s): KEOHOKALOLE, CHANG, FEVELLA, MCKELVEY, MORIWAKI, Hashimoto, San Buenaventura, Wakai
Act:

Measure Status History

Sort by Date
DateChamberStatus Text
5/8/2026SEnrolled to Governor.
5/8/2026SReceived notice of passage on Final Reading in House (Hse. Com. No. 888).
5/6/2026HReceived notice of Final Reading (Sen. Com. No. 816).
5/6/2026HPassed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
5/6/2026SPassed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
5/1/2026HForty-eight (48) hours notice Wednesday, 05-06-26.
5/1/2026HReported from Conference Committee (Conf Com. Rep. No. 184-26) as amended in (CD 1).
5/1/2026S48 Hrs. Notice (as amended CD 1) 05-06-26.
5/1/2026SReported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 184-26).
5/1/2026HThe 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.
5/1/2026SThe 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.
4/30/2026SConference committee meeting to reconvene on 05-01-26 2:30PM; Conference Room 224.
4/29/2026SConference committee meeting to reconvene on 04-30-26 2:40PM; Conference Room 224.
4/28/2026SConference committee meeting to reconvene on 04-29-26 2:40PM; CR 224.
4/27/2026SConference committee meeting to reconvene on 04-28-26 2:40PM; Conference Room 224.
4/24/2026SConference committee meeting to reconvene on 04-27-26 2:40PM; CR 224.
4/23/2026HReceived notice of Senate conferees (Sen. Com. No. 740).
4/23/2026SConference committee meeting scheduled for 04-24-26 3:30PM; Conference Room 224.
4/23/2026SSenate Conferees Appointed: Keohokalole Chair; Wakai, Inouye Co-Chairs; McKelvey, Awa.
4/20/2026SReceived notice of appointment of House conferees (Hse. Com. No. 787).
4/20/2026HHouse Conferees Appointed: Lowen, Matayoshi, Perruso Co-Chairs; Matsumoto.
4/20/2026HRe-referred to EEP, CPC, FIN, referral sheet 30
4/16/2026HReceived notice of disagreement (Sen. Com. No. 710).
4/16/2026SSenate disagrees with House amendments.
4/16/2026SReceived from House (Hse. Com. No. 665).
4/14/2026HPassed Third Reading with Representative(s) Shimizu voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). Transmitted to Senate.
4/10/2026HReported from CPC (Stand. Com. Rep. No. 2123-26), recommending passage on Third Reading.
4/7/2026HThe 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.
4/2/2026HBill scheduled to be heard by CPC on Tuesday, 04-07-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.
3/24/2026HPassed 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).
3/24/2026HReported from EEP (Stand. Com. Rep. No. 1379-26) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
3/19/2026HThe 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.
3/16/2026HBill scheduled to be heard by EEP on Thursday, 03-19-26 9:40AM in House conference room 325 VIA VIDEOCONFERENCE.
3/10/2026HReferred to EEP, CPC, referral sheet 16
3/10/2026HPass First Reading
3/6/2026HReceived from Senate (Sen. Com. No. 56) in amended form (SD 1).
3/6/2026SReport Adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House.
3/5/2026SOne Day Notice 03-06-26.
3/5/2026SReported from WAM (Stand. Com. Rep. No. 2861) with recommendation of passage on Third Reading.
3/3/2026SThe 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.
2/27/2026SThe committee(s) on WAM will hold a public decision making on 03-03-26 10:17AM; Conference Room 211 & Videoconference.
2/13/2026SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/13/2026SReported from CPN/EIG (Stand. Com. Rep. No. 2258) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2/4/2026SThe 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.
2/4/2026SThe 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.
1/30/2026SThe committee(s) on CPN/EIG has scheduled a public hearing on 02-04-26 9:30AM; Conference Room 229 & Videoconference.
1/28/2026SReferred to CPN/EIG, WAM.
1/22/2026SPassed First Reading.
1/22/2026SIntroduced.

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All Versions of this Measure

SB2487_CD1 Link to SB2487_CD1 .PDF file
SB2487_HD1 Link to SB2487_HD1 .PDF file
SB2487_SD1 Link to SB2487_SD1 .PDF file
SB2487 Link to SB2487 .PDF file

Committee Reports

SB2487_SD1_SSCR2258_ Link to committee report SB2487_SD1_SSCR2258_ .PDF file (opens in new window)
SB2487_SD1_SSCR2861_ Link to committee report SB2487_SD1_SSCR2861_ .PDF file (opens in new window)
SB2487_HD1_HSCR1379-26_ Link to committee report SB2487_HD1_HSCR1379-26_ .PDF file (opens in new window)
SB2487_HD1_HSCR2123-26_ Link to committee report SB2487_HD1_HSCR2123-26_ .PDF file (opens in new window)
SB2487_CD1_CCR184-26_ Link to committee report SB2487_CD1_CCR184-26_ .PDF file (opens in new window)

Testimony

SB2487_TESTIMONY_CPN-EIG_02-04-26_
SB2487_SD1_TESTIMONY_WAM_03-03-26_
SB2487_SD1_TESTIMONY_EEP_03-19-26_
SB2487_HD1_TESTIMONY_CPC_04-07-26_

Hearing Notices

CPN/EIG
2/04/26 9:30A
CR 229 & Videoconference
WAM
3/03/26 10:17A
CR 211 & Videoconference
EEP
3/19/26 9:40A
325 VIA VIDEOCONFERENCE
CPC
4/07/26 2:05P
329 VIA VIDEOCONFERENCE
CONF
4/24/26 3:30P
CR 224
CONF
4/27/26 2:40P
CR 224
CONF
4/28/26 2:40P
CR 224
CONF
4/29/26 2:40P
CR 224
CONF
4/30/26 2:40P
CR 224
CONF
5/01/26 2:30P
CR 224