THE TWENTY-SEVENTH LEGISLATURE
REGULAR SESSION OF 2014
Senator Mike Gabbard, Chair |
Senator Russell E. Ruderman, Vice Chair |
NOTICE OF HEARING
DATE: |
Tuesday, February 04, 2014 |
TIME: |
3:15 p.m. |
PLACE: |
Conference Room 225 State Capitol 415 South Beretania Street |
A G E N D A
RELATING TO RENEWABLE PORTFOLIO STANDARDS. Increases renewable portfolio standards to seventy per cent by 2040 and one hundred per cent by 2050.
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RELATING TO RENEWABLE ENERGY. Requires the department of taxation, in collaboration with the department of business, economic development, and tourism, to submit a joint report to the legislature each year that is related to renewable energy technology properties, the total cost of renewable energy tax credit to the State, and the estimated economic benefit of renewable energy tax credit for each of the previous four taxable years. Appropriates funds to respective departments to submit report.
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RELATING TO TAXATION. Establishes renewable fuels production income tax credit. Repeals ethanol facility tax credit. Effective for taxable years beginning after December 31, 2014.
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RELATING TO ENERGY STORAGE. Establishes an energy storage tax credit for utility scale renewable energy storage property.
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RELATING TO THE PUBLIC UTILITIES COMMISSION. Amends definition of "high-voltage electric transmission cable system" to allow alternative configurations of the interisland transmission system.
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RELATING TO NATURAL RESOURCES BENEATH THE SURFACE OF THE LAND. Requires agreements to purchase geothermal and nonfossil fuel generated electricity to contain provisions that provide independent power producers with compensation for excessive curtailment.
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Decision Making to follow, if time permits.
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Testimony may be submitted up to 24 hours prior to the start of the hearing.
FOR AMENDED NOTICES: Measures that have been deleted are stricken through and measures that have been added are underscored. If a measure is both underscored and stricken through, that measure has been deleted from the agenda.
If you require auxiliary aids or services to participate in the public hearing process (i.e. ASL or foreign language interpreter, or wheelchair accessibility), please contact the committee clerk at least 24 hours prior to the hearing so that arrangements can be made.
FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT (808) 586-6830.
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_____________________________________ Senator Mike Gabbard Chair |
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