THE SENATE	S.B. NO.	3285
THIRTY-SECOND LEGISLATURE, 2024		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO PUBLIC UTILITIES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Chapter 269, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§269-   Sale of public utility. (a) Notwithstanding section 269-19, the public utilities commission shall not approve the sale of a public utility, in whole or in part, to a private entity unless the public utility being offered for sale demonstrates that it first solicited competitive offers for the purchase of the public utility from entities that operate under a non-investor-owned utilities ownership model, and notes whether or not non-investor-owned entities submitted acceptable bids, in any application to the commission requesting authorization of the sale of the public utility.

(b) For the purposes of this section, "investor-owned utilities ownership model" means a for-profit enterprise that is publicly or privately owned by shareholders and is operating as a public utility."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2040.

Report Title:

PUC; Public Utilities; Sale; Approval; Non-Investor-Owned Utilities

Description:

Prohibits the Public Utilities Commission from approving the sale of a public utility, in whole or in part, to a private entity, unless the public utility being offered for sale demonstrates that it solicited competitive offers from an entity operating under a non-investor-owned utilities ownership model, and notes whether or not non-investor-owned entities submitted acceptable bids, in any application to the PUC requesting authorization for a sale of the public utility. Takes effect 7/1/2040. (SD1)

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