Report Title:
Public Utilities; Renewable Energy Portfolio Standards
Description:
Requires each electric utility company to establish a renewable portfolio standard of 15% and 20% of its net electricity sales by 12/31/10 and 12/31/15, respectively.
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THE SENATE |
S.B. NO. |
2451 |
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TWENTY-THIRD LEGISLATURE, 2006 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to energy resources.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that the key to achieving economic sustainability lies in economic diversification, export expansion, and import substitution. In the energy context, import substitution may be achieved by increasing the use and development of renewable energy resources found in Hawaii, such as wind, solar, ocean thermal, wave, and biomass resources. In addition, developing Hawaii's renewable energy resources offers important job creation, environmental protection, and energy security benefits.
The legislature further finds that the State should be a strategic partner with the private sector in developing these renewable energy resources and that the State's willingness and intent to provide relevant and meaningful support for this endeavor should be embedded into public policy.
The purpose of this Act is to decrease Hawaii's need to import large amounts of oil and increase import substitution, economic efficiency, and productivity, by increasing the use and development of Hawaii's renewable energy resources through a partnership between the State and the private sector.
SECTION 2. Section 269-92, Hawaii Revised Statutes, is amended to read as follows:
"§269-92 Renewable portfolio standards. Each electric utility company that sells electricity for consumption in the State shall establish a renewable portfolio standard of:
(1) Seven per cent of its net electricity sales by December 31, 2003;
(2) Eight per cent of its net electricity sales by December 31, 2005;
(3) [Ten] Fifteen per cent of its net electricity sales by December 31, 2010; and
(4) [Fifteen] Twenty per cent of its net electricity sales by December 31, 2015[; and
(5) Twenty per cent of its net electricity sales by December 31, 2020].
The public utilities commission shall determine if an electric utility company is unable to meet the renewable portfolio standards in a cost-effective manner, or as a result of circumstances beyond its control which could not have been reasonably anticipated or ameliorated. If this determination is made, the electric utility company shall be relieved of responsibility for meeting the renewable portfolio standard for the period of time that it is unable to meet the standard."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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