STAND.
COM. REP. NO. 1843-24
Honolulu, Hawaii
, 2024
RE: S.B. No. 2922
S.D. 2
H.D. 3
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-Second State Legislature
Regular Session of 2024
State of Hawaii
Sir:
Your Committee on Finance, to which was referred S.B. No. 2922, S.D. 2, H.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO PUBLIC UTILITIES,"
begs leave to report as follows:
The purpose of this measure is to:
(1) Create a process for electric utilities to develop and submit wildfire protection plans to the Public Utilities Commission for approval and allow the recovery of related costs and expenses through securitization, while avoiding a disproportionate impact on a specific ratepayer or county; and
(2) Require public utilities to report wildfires potentially caused by or occurring in connection with their operations.
Your Committee has amended this measure by:
(1) Removing the special purpose revenue bond authorization; and
(2) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2922, S.D. 2, H.D. 2, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2922, S.D. 2, H.D. 3.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ KYLE T. YAMASHITA, Chair |
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