Bill Text: HI SB240 | 2010 | Regular Session | Introduced

Hawaii Senate Bill 240 (Prior Session Legislation)

Introduced

Bill Title: Public Utilities Commission; Electric Utilities; Infrastructure

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced - Dead) 2009-05-11 - Carried over to 2010 Regular Session. [SB240 Detail]

Download: Hawaii-2010-SB240-Introduced.html

Report Title:

Public Utilities Commission; Electric Utilities; Infrastructure

Description:

Directs public utilities commission to require that each electric utility invest a percentage of its net income in expanding, upgrading, improving, replacing, or hardening its generation and transmission infrastructure.

THE SENATE	S.B. NO.	240
TWENTY-FIFTH LEGISLATURE, 2009
STATE OF HAWAII

A BILL FOR AN ACT

relating to the public utilities commission.

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- Investments in infrastructure. (a) The public utilities commission shall require that each electric utility annually invest at least per cent of its net income in expanding, upgrading, improving, replacing, or hardening its energy generation and transmission infrastructure, including but not limited to power transmission lines.

(b) The public utilities commission shall adopt rules pursuant to chapter 91 to carry out the purpose of this section."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2009.