Hawaii HB338 amends the rate for nonfossil fuel generated electricity to include incremental adjustments.
Hawaii HB338 amends Hawaii Revised Statutes to allow the public utilities commission to include incremental adjustments in 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. This change aims to ensure reliable and affordable energy by enabling utility customers to share in the benefits of fuel cost savings from nonfossil fuel generated electricity.
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