Bill Text: HI SB3285 | 2024 | Regular Session | Amended
Bill Title: Relating To Public Utilities.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed) 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
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THE SENATE |
S.B. NO. |
3285 |
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THIRTY-SECOND LEGISLATURE, 2024 |
S.D. 1 |
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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 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.
