STAND. COM. REP. NO. 76-16
Honolulu, Hawaii
, 2016
RE: H.B. No. 2649
H.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Eighth State Legislature
Regular Session of 2016
State of Hawaii
Sir:
Your Committee on Energy & Environmental Protection, to which was referred H.B. No. 2649 entitled:
"A BILL FOR AN ACT RELATING TO ENERGY,"
begs leave to report as follows:
Your Committee has amended this measure by:
(1) Deleting language that would have amended statutory requirements for ratemaking procedures by requiring derivation of rates from an earnings impact mechanism; and
(2) Adding a new statutory section requiring the Public Utilities Commission to establish on or before January 1, 2020, performance incentive mechanisms that directly tie electric utility revenues to the utility's achievement on performance metrics.
As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2649, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2649, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.
Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,
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____________________________ CHRIS LEE, Chair |
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