STAND. COM. REP. NO.  1534-14

Honolulu, Hawaii

                , 2014

RE:   S.B. No. 2809

      S.D. 1

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 2809, S.D. 1, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO UTILITIES REGULATION,"

begs leave to report as follows:

The purpose of this measure is to align statutory language regarding utility ratemaking with widely-accepted utility ratemaking principles and ratemaking practices already applied in Hawaii.

The Public Utilities Commission; Department of Business, Economic Development, and Tourism; and Division of Consumer Advocacy of the Department of Commerce and Consumer Affairs supported this measure.  Hawaiian Electric Company, Maui Electric Company, and Hawai‘i Electric Light Company opposed 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. 2809, S.D. 1, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair