Bill Text: HI HB2615 | 2024 | Regular Session | Introduced
Bill Title: Relating To Public Utilities.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced) 2024-01-26 - Referred to CPC, FIN, referral sheet 3 [HB2615 Detail]
Download: Hawaii-2024-HB2615-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2615 |
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THIRTY-SECOND LEGISLATURE, 2024 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to public utilities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 269, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§269- Sale
of public utility. (a)
Notwithstanding section 269-19, the public utilities commission shall
not approve the sale of a public utility, in whole or in part, to a private entity
unless the public utilities commission has first solicited competitive offers
for the purchase of the public utility from entities that operate under a
non-investor-owned utilities ownership model.
(b)
For the purposes of this section, "investor-owned utilities
ownership model" means a for-profit enterprise that is publicly or
privately owned by shareholders and is operating as a public utility."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Public Utilities Commission; Public Utilities; Sale; Approval; Non-Investor-Owned Utilities
Description:
Requires the PUC to solicit competitive offers from an entity operating under a non-investor-owned utilities ownership model before approving the sale of a public utility, in whole or in part, to a private entity.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
