STAND. COM. REP. NO.  1411

Honolulu, Hawaii

                , 2013

RE:   S.B. No. 1039

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 1039 entitled:

"A BILL FOR AN ACT RELATING TO THE PUBLIC UTILITIES COMMISSION,"

begs leave to report as follows:

The purpose of this measure is to make the Public Utilities Commission's process of reporting more efficient by incorporating the Public Utilities Commission special fund report, which is currently required to be submitted to the Legislature annually as a separate report into the Commission's annual report filed pursuant to section 269-5, Hawaii Revised Statutes, which is made available to the Legislature and the Governor.

The Public Utilities Commission submitted testimony in support of this measure.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1039 and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair