STAND. COM. REP. NO. 1336-18

Honolulu, Hawaii

, 2018

RE: S.B. No. 2910

S.D. 2

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Consumer Protection & Commerce, to which was referred S.B. No. 2910, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ELECTRIC GRID RESILIENCY,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Create a $50,000,000 revolving line of credit sub-fund under the umbrella of the Green Energy Market Securitization Loan Fund for any state agency or department to finance energy efficiency measures;

(2) Establish the Grid Resiliency Loan Program and a Grid Resiliency Task Force to prepare the State's electrical grid for natural disasters and other emergencies; and

(3) Establish a Grid Resiliency Loan Special Fund to provide funding for critical infrastructure resiliency upgrades.

The Sierra Club of Hawai‘i testified in support of this measure. The Hawaiian Electric Company, Maui Electric Company, and Hawai‘i Electric Light Company testified in opposition to this measure. The Department of Business, Economic Development and Tourism; Department of Budget and Finance; Hawaii Green Infrastructure Authority; and Public Utilities Commission offered comments on this measure.

As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2910, S.D. 2, H.D. 1, and recommends that it be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

____________________________

ROY M. TAKUMI, Chair