Bill Text: HI SB2715 | 2010 | Regular Session | Amended
Bill Title: Petroleum Industry Reporting
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2010-03-03 - (H) Referred to EEP, CPC, FIN, referral sheet 33 [SB2715 Detail]
Download: Hawaii-2010-SB2715-Amended.html
STAND. COM. REP. NO. 2400
Honolulu, Hawaii
RE: S.B. No. 2715
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fifth State Legislature
Regular Session of 2010
State of Hawaii
Madam:
Your Committee on Ways and Means, to which was referred S.B. No. 2715 entitled:
"A BILL FOR AN ACT RELATING TO PETROLEUM INDUSTRY REPORTING,"
begs leave to report as follows:
The purpose of this measure is to suspend the Petroleum Industry Monitoring, Analysis, and Reporting Program indefinitely.
Your Committee received written comments in support of this measure from the Public Utilities Commission. The written comments may be reviewed on the Legislature's website.
Your Committee finds that the Petroleum Industry Monitoring, Analysis, and Reporting Program requires frequent periodic collection and reporting of petroleum industry data regarding imports, exports, production, retail and wholesale transactions, and costs. To date, the program has not produced evidence of economic misbehavior by the petroleum industry in Hawaii. The Committee believes that suspension of the program will free the Public Utilities Commission to focus its staff, time, and resources on higher priority regulatory matters and relieve the petroleum industry of intensive weekly reporting requirements.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2715 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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____________________________ DONNA MERCADO KIM, Chair |
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