Bill Text: HI HB2490 | 2012 | Regular Session | Amended

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Bill Title: Debt Equivalence; Imputed Debt; Utility Companies; Cost Recovery

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-02-15 - (H) Report adopted. referred to the committee(s) on FIN as amended in HD 2 with none voting aye with reservations; none voting no (0) and Belatti, C. Lee, M. Lee, Tokioka excused (4). [HB2490 Detail]

Download: Hawaii-2012-HB2490-Amended.html

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STAND. COM. REP. NO.  395-12

 

Honolulu, Hawaii

                , 2012

 

RE:   H.B. No. 2490

      H.D. 2

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 2490, H.D. 1, entitled:

 

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

 

begs leave to report as follows:

 

     The purpose of this measure is to provide electric utilities in Hawaii with a method for mitigating imputed debt associated with long-term power-purchase agreements.

 

     The Public Utilities Commission, Hawaiian Electric Company, Maui Electric Company, Hawaii Electric Light Company, Blue Planet Foundation, and ILWU Local 142 supported this bill.

 

     Your Committee has amended this bill by making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     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 H.B. No. 2490, H.D. 1, as amended herein, and recommends that it be referred to the Committee on Finance in the form attached hereto as H.B. No. 2490, H.D. 2.

 

 

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

 

 

		____________________________ ROBERT N. HERKES, Chair