Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Water, Land, Energy and Environment, to which was referred S.B. No. 2669 entitled:

begs leave to report as follows:

The purpose of this measure is to authorize issuance of $55,000,000 in special purpose revenue bonds to assist Pacific Wind Energy LLC in the construction of three wind energy conversion systems facilities on Maui and at South Point and North Kohala on the island of Hawaii.

Testimony in support of this measure was received from Pacific Wind Energy LLC and Sierra Club Hawai`i Chapter.

Your Committee finds that Hawaii is fortunate to have plentiful and consistent winds that can be harnessed and converted into the efficient production of electricity. In addition, the islands of Maui and Hawaii have ample lands available for the conversion of wind to energy.

Your Committee is supportive of this effort to increase the production and resulting use of alternative energy for Hawaii residents.

As affirmed by the record of votes of the members of your Committee on Water, Land, Energy and Environment that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2669 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.