STAND. COM. REP. NO. 1198-24

Honolulu, Hawaii

, 2024

RE: S.B. No. 2511

S.D. 1

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Consumer Protection & Commerce, to which was referred S.B. No. 2511, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE PUBLIC UTILITIES COMMISSION,"

begs leave to report as follows:

The purpose of this measure is to require the Public Utilities Commission to consider the short- and long-term retention and creation of local jobs in its review of electric utility performance.

Your Committee received comments on this measure from the Department of Commerce and Consumer Affairs and Public Utilities Commission.

Your Committee finds that performance incentive mechanisms provide financial motivation for electric utilities to improve performance toward established outcomes or to discourage underperformance. Your Committee further finds that the energy sector can and should contribute to economic growth and employment in the State. This measure motivates electric utilities to promote local economic growth by requiring the Public Utilities Commission to consider an electric utility's performance with respect to short- and long-term retention and creation of local jobs.

Your Committee has amended this measure by changing the effective date to July 1, 3000, to encourage further discussion.

As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2511, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2511, S.D. 1, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

____________________________

MARK M. NAKASHIMA, Chair