THE SENATE	S.B. NO.	2488
TWENTY-FIFTH LEGISLATURE, 2010
STATE OF HAWAII

A BILL FOR AN ACT

relating to renewable energy.

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

     SECTION 1.  Section 269-101, Hawaii Revised Statutes, is amended by adding three new definitions to be appropriately inserted and to read as follows:

     ""Net surplus customer-generator" means an eligible customer-generator who has generated excess electricity, as determined by the net energy metering calculation in section 269-105, at the end of the eligible customer-generator's twelve-month reconciliation period.

"Net surplus electricity compensation rate" means the compensation valuation, as determined by the public utilities commission pursuant to rule or order, to compensate the net surplus customer-generator for the value of excess electricity.

"Net surplus electricity credits" means the credits, in kilowatt-hours, for excess electricity generated by an eligible customer-generator at the end of the eligible customer-generator's twelve-month reconciliation period, as determined by the net energy metering calculation in section 269-105."

     SECTION 2.  Section 269-106, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:

     "(b)  [Credits] The electric utility shall compensate the net surplus customer-generator for any credits for excess electricity from the [eligible] net surplus customer-generator that remain unused after each twelve-month reconciliation period [may not be carried over to the next twelve-month period.] at the net surplus electricity compensation rate established by the public utilities commission."

     SECTION 3.  (a)  The public utilities commission shall establish the net surplus electricity compensation rate by rule or order no later than January 1, 2011.  The net surplus electricity compensation rate shall provide the net surplus customer-generator just and reasonable compensation for the value of net surplus electricity, while leaving other ratepayers unaffected.

     (b)  The net surplus electricity compensation rate shall apply to net surplus electricity credits that have accrued for any twelve-month reconciliation period that is in progress on July 1, 2010 and any twelve-month reconciliation period occurring thereafter.

     (c)  Payment for net surplus electricity credits that have accrued between July 1, 2010 and the date of the establishment of the net surplus electricity compensation rate shall be made by the electric utility within sixty days from the date of the establishment of the net surplus electricity compensation rate.

     (d)  Payment for net surplus electricity credits that accrue on or after the date of establishment of the net surplus electricity compensation rate shall be made by the electric utility within sixty days of the end of the applicable twelve-month reconciliation period.

     SECTION 4.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 5.  This Act shall take effect on July 1, 2010.

INTRODUCED BY:

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Report Title:

Net Metering; PUC; Surplus Electricity Compensation

Description:

Requires electrical utilities to compensate net metering surplus customer-generators for excess electricity generated by the customer-generators at the end of the twelve-month reconciliation period.  Directs the PUC to determine the net surplus compensation rate.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.