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Legislative record

HB 974STATE · HawaiiIntroduced

RELATING TO ENERGY.

Requires the Department of Budget and Finance to enter into step-in agreements for payment obligations arising under certain power purchase agreements. Establishes the Power Purchase Costs Trust Fund. Establishes that money collected from on-bill charges for power purchase agreements and money received from a surcharge supporting a reserve account that are deposited in the Trust Fund shall be held in trust by the State, and that independent power producers shall hold a beneficial interest in the moneys to the extent of the amounts owed under the covered power purchase agreements. Appoints, authorizes, and empowers an electric utility to serve as the billing, collection, and payment agent of the Department of Budget and Finance in the service of performing step-in agreements. (SD1)

Voted 12/8/2025View source

Roll-call record

How representatives voted

27 yea·1 nay·3 other

Docket history

Action history

  1. 12/8/2025Carried over to 2026 Regular Session.
  2. 4/3/2025The committee on WAM deferred the measure.
  3. 3/28/2025The committee(s) on WAM deferred the measure until 04-03-25 10:02AM; Conference Room 211 & Videoconference.
  4. 3/25/2025The committee(s) on WAM will hold a public decision making on 03-28-25 10:02AM; Conference Room 211 & Videoconference.
  5. 3/21/2025Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
  6. 3/21/2025Reported from EIG/CPN (Stand. Com. Rep. No. 1348) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
  7. 3/20/2025The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 4 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
  8. 3/20/2025The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Richards; Aye(s) with reservations: Senator(s) Fukunaga, McKelvey ; 1 No(es): Senator(s) Awa; and 0 Excused: none.
  9. 3/14/2025The committee(s) on EIG/CPN has scheduled a public hearing on 03-20-25 9:30AM; Conference Room 229 & Videoconference.
  10. 3/4/2025Referred to EIG/CPN, WAM.