THE SENATE

THE TWENTY-THIRD LEGISLATURE

REGULAR SESSION OF 2005

A G E N D A

The purpose of this briefing is to receive and review a status report from the state Public Utilities Commission (PUC) on the actions being undertaken by the Commission to implement the requirements set forth in Act 242 of the 2004 Legislative Session and in HRS Chapter 486H, as revised. This chapter amends the proposed maximum pre-tax wholesale price of regular unleaded gasoline by determining the baseline price to be the average spot price of regular unleaded gasoline in Los Angeles, New York Harbor, and the U.S. Gulf Coast as reported by the Oil Price Information Service; establishes zones and zone price adjustments; requires the PUC to review adjustment factors; repeals the maximum pre-tax retail gasoline price; establishes maximum pre-tax wholesale prices for mid-grade and premium gasoline; and makes appropriations for the PUC to carry out duties under this Act.

If you require special assistance or auxiliary aids or services to participate in the public hearing process (i.e., sign language interpreter, wheelchair accessibility, or parking designated for the disabled) please contact the committee clerk 24 hours prior to the hearing so arrangements can be made.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6740.

________________________________________

Senator Ron Menor

Chair