Hawaii House Bill 974

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-02-20 - The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Alcos, Ward.
Text: Latest bill text (Amended) [HTML]

Requires the Department of Budget and Finance to enter into step-in agreements for payment obligations arising under certain power purchase agreements. Establishes the Power Purchase Costs Trust Fund. Establishes that revenues from on-bill charges for power purchase agreements and revenues from a surcharge supporting a reserve account shall be held in trust by the State, and that independent power producers shall hold a beneficial interest in the revenues to the extent of the amounts owed under the covered power purchase agreements. Appoints, authorizes, and empowers the electric utility to serve as the billing, collection, payment, and managing agent of the Department of Budget and Finance in the service of performing step-in agreements. Effective 7/1/3000. (HD1)

Relating To Energy.

Rep. Nicole Lowen [D]

Date	Chamber	Action
2025-02-20	House	The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Alcos, Ward.
2025-02-18	House	Bill scheduled to be heard by FIN on Thursday, 02-20-25 12:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2025-02-14	House	Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Amato, Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).
2025-02-14	House	Reported from EEP (Stand. Com. Rep. No. 769) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2025-02-13	House	The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 4 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Quinlan, Ward.
2025-02-11	House	Bill scheduled for decision making on Thursday, 02-13-25 10:15AM in conference room 325 VIA VIDEOCONFERENCE.
2025-02-11	House	The committee(s) on EEP recommend(s) that the measure be deferred until 02-13-25 10:15AM.
2025-02-06	House	Bill scheduled for decision making on Tuesday, 02-11-25 10:20AM in conference room 325 VIA VIDEOCONFERENCE.
2025-02-06	House	The committee(s) on EEP recommend(s) that the measure be deferred until 02-11-25 10:20AM.
2025-01-30	House	Bill scheduled for decision making on Thursday, 02-06-25 9:01AM in conference room 325 VIA VIDEOCONFERENCE.
2025-01-30	House	The committee(s) on EEP recommend(s) that the measure be deferred until 02-06-25.
2025-01-27	House	Bill scheduled to be heard by EEP on Thursday, 01-30-25 9:00AM in House conference room 325 VIA VIDEOCONFERENCE.
2025-01-23	House	Referred to EEP, FIN, referral sheet 3
2025-01-23	House	Introduced and Pass First Reading.
2025-01-21	House	Pending introduction.

SB1501 (Same As) 2025-02-21 - The committee(s) on WAM will hold a public decision making on 02-27-25 10:30AM; Conference Room 211 & Videoconference.

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=974&year=2025
Text	https://www.capitol.hawaii.gov/sessions/session2025/bills/HB974_.HTM
Text	https://www.capitol.hawaii.gov/sessions/session2025/bills/HB974_HD1_.HTM
Supplement	https://www.capitol.hawaii.gov/sessions/session2025/Testimony/HB974_TESTIMONY_EEP_01-30-25_.PDF
Supplement	https://www.capitol.hawaii.gov/sessions/session2025/CommReports/HB974_HD1_HSCR769_.pdf
Supplement	https://www.capitol.hawaii.gov/sessions/session2025/Testimony/HB974_HD1_TESTIMONY_FIN_02-20-25_.PDF