Bill Text: HI SB3285 | 2024 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating To Public Utilities.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2024-03-15 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ganaden, Gates, Martinez, Quinlan excused (5). [SB3285 Detail]

Download: Hawaii-2024-SB3285-Amended.html

THE SENATE

S.B. NO.

3285

THIRTY-SECOND LEGISLATURE, 2024

S.D. 1

STATE OF HAWAII

 

 

 

 

 

 

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 utility being offered for sale demonstrates that it first solicited competitive offers for the purchase of the public utility from entities that operate under a non-investor-owned utilities ownership model, and notes whether or not non-investor-owned entities submitted acceptable bids, in any application to the commission requesting authorization of the sale of the public utility.

     (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 on July 1, 2040.


 


 

 

Report Title:

PUC; Public Utilities; Sale; Approval; Non-Investor-Owned Utilities

 

Description:

Prohibits the Public Utilities Commission from approving the sale of a public utility, in whole or in part, to a private entity, unless the public utility being offered for sale demonstrates that it solicited competitive offers from an entity operating under a non-investor-owned utilities ownership model, and notes whether or not non-investor-owned entities submitted acceptable bids, in any application to the PUC requesting authorization for a sale of the public utility.  Takes effect 7/1/2040.  (SD1)

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.

 

feedback