Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Energy and Environment, to which was referred S.B. No. 2469 entitled:

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of special purpose revenue bonds for the planning, design, construction, and installation of a third boiler at the HPOWER waste-to-energy plant on the island of Oahu.

The Director of Environmental Services, City and County of Honolulu and Covanta Energy Group submitted testimony supporting the measure. The Director of Health and the Director of Budget and Finance submitted comments on the measure.

Your Committee finds that increasing the HPOWER waste-to-energy plant's capacity to process municipal solid waste contributes significantly to the State's overall ability to manage its solid wastes.

Your Committee amended this measure by correcting the lapsing date for the special purpose revenue bonds authorized to be issued under the measure.

As affirmed by the record of votes of the members of your Committee on Energy and Environment that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2469, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2469, S.D. 1, and be referred to the Committee on Ways and Means.