Report Title:

Energy

Description:

Increases the renewable portfolio standard.

HOUSE OF REPRESENTATIVES	H.B. NO.	2650
TWENTY-FOURTH LEGISLATURE, 2008
STATE OF HAWAII

A BILL FOR AN ACT

relating to increasing the renewable portfolio standard.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  Section 269-92, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:

     "§269-92  Renewable portfolio standards.  (a)  Each electric utility company that sells electricity for consumption in the State shall establish a renewable portfolio standard of:

     (1)  Ten per cent of its net electricity sales by December 31, 2010;

     (2)  Fifteen per cent of its net electricity sales by December 31, 2015; and

     (3)  [Twenty] One hundred per cent of its net electricity sales by December 31, [2020] 2018."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect upon its approval.

INTRODUCED BY:	_____________________________
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