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 money collected from on-bill charges for power purchase agreements and money received from a surcharge supporting a reserve account that are deposited in the Trust Fund shall be held in trust by the State, and that independent power producers shall hold a beneficial interest in the moneys to the extent of the amounts owed under the covered power purchase agreements. Appoints, authorizes, and empowers an 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. (SD1)
Companion:  SB1501
Package: None
Current Referral: EIG/CPN, WAM
Introducer(s): LOWEN
Act:

Sort by DateChamberStatus Text
4/3/2025SThe committee on WAM deferred the measure.
3/28/2025SThe committee(s) on WAM deferred the measure until 04-03-25 10:02AM; Conference Room 211 & Videoconference.
3/25/2025SThe committee(s) on WAM will hold a public decision making on 03-28-25 10:02AM; Conference Room 211 & Videoconference.
3/21/2025SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
3/21/2025SReported from EIG/CPN (Stand. Com. Rep. No. 1348) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
3/20/2025SThe committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 4 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
3/20/2025SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Richards; Aye(s) with reservations: Senator(s) Fukunaga, McKelvey ; 1 No(es): Senator(s) Awa; and 0 Excused: none.
3/14/2025SThe committee(s) on EIG/CPN has scheduled a public hearing on 03-20-25 9:30AM; Conference Room 229 & Videoconference.
3/4/2025SReferred to EIG/CPN, WAM.
2/28/2025SPassed First Reading.
2/28/2025SReceived from House (Hse. Com. No. 45).
2/27/2025HPassed Third Reading with Representative(s) Amato, Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). Transmitted to Senate.
2/27/2025HReported from FIN (Stand. Com. Rep. No. 886), recommending passage on Third Reading.
2/20/2025HThe committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Alcos, Ward.
2/18/2025HBill scheduled to be heard by FIN on Thursday, 02-20-25 12:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2/14/2025HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Amato, Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).
2/14/2025HReported from EEP (Stand. Com. Rep. No. 769) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/13/2025HThe committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 4 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Quinlan, Ward.
2/11/2025HBill scheduled for decision making on Thursday, 02-13-25 10:15AM in conference room 325 VIA VIDEOCONFERENCE.
2/11/2025HThe committee(s) on EEP recommend(s) that the measure be deferred until 02-13-25 10:15AM.
2/6/2025HBill scheduled for decision making on Tuesday, 02-11-25 10:20AM in conference room 325 VIA VIDEOCONFERENCE.
2/6/2025HThe committee(s) on EEP recommend(s) that the measure be deferred until 02-11-25 10:20AM.
1/30/2025HBill scheduled for decision making on Thursday, 02-06-25 9:01AM in conference room 325 VIA VIDEOCONFERENCE.
1/30/2025HThe committee(s) on EEP recommend(s) that the measure be deferred until 02-06-25.
1/27/2025HBill scheduled to be heard by EEP on Thursday, 01-30-25 9:00AM in House conference room 325 VIA VIDEOCONFERENCE.
1/23/2025HReferred to EEP, FIN, referral sheet 3
1/23/2025HIntroduced and Pass First Reading.
1/21/2025HPending introduction.

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

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HB974 HD1 SD1

All Versions of this Measure

HB974_SD1 Link to HB974_SD1 .PDF file
HB974_HD1 Link to HB974_HD1 .PDF file
HB974 Link to HB974 .PDF file

Committee Reports

HB974_HD1_HSCR769_ Link to committee report HB974_HD1_HSCR769_ .PDF file
HB974_HD1_HSCR886_ Link to committee report HB974_HD1_HSCR886_ .PDF file
HB974_SD1_SSCR1348_ Link to committee report HB974_SD1_SSCR1348_ .PDF file

Testimony

HB974_TESTIMONY_EEP_01-30-25_
HB974_HD1_TESTIMONY_FIN_02-20-25_
HB974_HD1_TESTIMONY_CPN-EIG_03-20-25_
HB974_SD1_TESTIMONY_WAM_03-28-25_

Hearing Notices

EEP
1/30/25 9:00A
325 VIA VIDEOCONFERENCE
EEP
2/06/25 9:01A
325 VIA VIDEOCONFERENCE
EEP
2/11/25 10:20A
325 VIA VIDEOCONFERENCE
EEP
2/13/25 10:15A
325 VIA VIDEOCONFERENCE
FIN
2/20/25 12:00P
308 VIA VIDEOCONFERENCE
EIG/CPN
3/20/25 9:30A
CR 229 & Videoconference
WAM
3/28/25 10:02A
CR 211 & Videoconference
WAM
4/03/25 10:02A
CR 211 & Videoconference