Hawaii HB338 clarifies rates for nonfossil fuel generated electricity to enable cost savings for consumers.
Hawaii HB338 addresses challenges in procuring and delivering renewable energy projects due to the financial instability of an investor-owned electric utility. The bill aims to ensure reliable and affordable energy by allowing incremental adjustments to the rate for nonfossil fuel generated electricity. These adjustments can be linked to consumer price indices, premium interest rates for high yield credit, or other acceptable mechanisms.
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