STAND. COM. REP. NO. 13-04
Honolulu, Hawaii
, 2004
RE: H.B. No. 2434
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2004
State of Hawaii
Sir:
Your Committee on Economic Development and Business Concerns, to which was referred H.B. No. 2434 entitled:
"A BILL FOR AN ACT RELATING TO APPLICATIONS SEEKING GENERAL RATE INCREASES FILED BY PUBLIC UTILITIES HAVING ANNUAL GROSS REVENUES OF LESS THAN $2,000,000,"
begs leave to report as follows:
The purpose of this bill is to expedite and reduce the costs of the Public Utilities Commission's (PUC's) approvals of proposed rate increases for public utilities having annual gross revenues of less than $2,000,000 by, among other things:
(1) Requiring the development of a standard general rate increase application form specifying the information needed to determine the reasonableness of the proposal;
(2) Mandating that public utility companies prepare any necessary annual financial statement reports in accordance with the National Association of Regulatory Commissioners' Uniform System of Accounts; and
(3) Establishing deadlines for completing the various stages of the review of general rate increase applications.
The Division of Consumer Advocacy of the Department of Commerce and Consumer Affairs and PUC submitted testimony in support of this measure.
As affirmed by the record of votes of the members of your Committee on Economic Development and Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2434 and recommends that it pass Second Reading and be referred to the Committee on Consumer Protection and Commerce.
Respectfully submitted on behalf of the members of the Committee on Economic Development and Business Concerns,
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____________________________ BRIAN SCHATZ, Chair |
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