HB339

Hawaii HB339 regulates the acquisition, merger, or consolidation of electric utility companies by imposing conditions on acquiring entities.

Hawaii HB339 amends the state's energy laws to establish conditions for the acquisition, merger, or consolidation of electric utility companies. The bill requires the public utilities commission to suspend its review of such applications for 180 days if the acquiring entity is an investor-owned utility. It mandates that the commission consider alternative applications from non-investor-owned entities. The acquiring entity must not propose changes that adversely affect renewable energy goals or performance-based regulation frameworks.