Hawaii HB337 mandates renewable energy standards for electric utility companies and requires cost adjustments for fossil fuel resources.
Hawaii HB337 amends state statutes to establish renewable energy standards for electric utility companies, requiring them to meet specific percentages of net electricity sales from renewable sources by certain dates. The bill also mandates that electric utility companies remove a commensurate amount of costs related to fossil fuel resources from their rate base when adding or converting to renewable energy.
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