STAND. COM. REP. NO. 780-04
Honolulu, Hawaii
, 2004
RE: S.B. No. 2909
S.D. 1
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 S.B. No. 2909, S.D. 1, 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 reduce costs and expedite the general rate increase filing process for public utility companies with annual gross revenues of less than $2,000,000 by:
(1) Requiring the filing of a standard form application developed by the Public Utilities Commission (PUC) and a public hearing at which consumers may testify on the proposed rate increase;
(2) Establishing time periods for decisions on general rate increase applications; and
(3) Requiring public utilities to file annual financial statements in accordance with the standard chart of accounts to be approved by the PUC for financial reports.
The PUC, Division of Consumer Advocacy of the Department of Commerce and Consumer Affairs, Kukio Utility Company, Princeville Utilities Company, Inc., Molokai Properties Limited dba Molokai Ranch, Olowalu Water Co., LLC, Launiupoko Water Co., LLC, Launiupoko Irrigation Co., LLC, and U. Development testified in support of this bill.
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 S.B. No. 2909, S.D. 1, 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,
|
____________________________ BRIAN SCHATZ, Chair |
||