HB337

Hawaii HB337 mandates electric utility companies to remove fossil fuel costs from rate bases when adding renewable energy.

Hawaii HB337 addresses the need for electric utility companies to transition to renewable energy while ensuring ratepayers are not burdened with both new and old energy costs. The bill requires the Public Utilities Commission to establish standards for electric utility companies to remove fossil fuel-related costs from their rate bases when adding or converting to renewable energy. It also mandates the commission to assess various factors, including consumer rates and utility reliability, when setting renewable portfolio standards.