STAND. COM. REP. NO. 930

Honolulu, Hawaii

, 2005

RE: H.B. No. 863

H.D. 2

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 863, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE PETROLEUM INDUSTRY,"

begs leave to report as follows:

The purpose of this bill is to provide the prerequisite data to develop a single integrated state energy strategy and fully implement the regulation of gasoline prices by establishing an information gathering mechanism to monitor and analyze information from the petroleum industry. Specifically, this bill, among other things:

(1) Requires the Department of Business, Economic Development, and Tourism (DBEDT) to develop and maintain the Petroleum Industry Monitoring, Analysis, and Reporting System, including an Automated Petroleum Industry Information Reporting System;

(2) Redelineates the types of information that the petroleum industry must submit to DBEDT;

(3) Establishes the Petroleum Industry Monitoring, Analysis, and Reporting Special Fund to fund, among other things:

(A) The development of a single integrated state energy strategy;

 

(B) The continuing efforts of the Hawaii Energy Policy Forum to develop a single integrated state energy strategy;

(C) The establishment of the Petroleum industry Monitoring, Analysis, and Reporting Program; and

(D) The implementation and operation of the gasoline price regulations by the Public Utilities Commission;

and

(4) Replaces the Petroleum Commissioner with the Director of DBEDT.

DBEDT and the Hawaii Energy Policy Forum supported the intent of this measure. The Western States Petroleum Association opposed this bill. The Department of Budget and Finance, Department of Taxation, Department of Health, and the Hawaii Solar Energy Association provided comments.

Your Committee has amended this bill by:

(1) Changing the effective date to July 1, 2010, to encourage further discussion; and

(2) Making technical, nonsubstantive amendments for clarity 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 H.B. No. 863, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 863, H.D. 2.

Respectfully submitted on behalf of the members of the Committee on Finance,

 

____________________________

DWIGHT TAKAMINE, Chair