Hawaii HB339 regulates the acquisition, merger, or consolidation of electric utility companies, particularly by investor-owned entities.

Hawaii HB339 amends the renewable portfolio standards laws to ensure that any acquisition, merger, or consolidation of electric utility companies does not weaken the state's renewable energy goals. The bill mandates that acquiring entities must not renegotiate existing power purchase agreements or propose changes that reduce renewable energy benchmarks. It also requires the Public Utilities Commission to suspend its review of such applications for 180 days if the acquiring entity is an investor-owned utility.

Hawaii HB339 regulates the acquisition, merger, or consolidation of electric utility companies, particularly by investor-owned entities.

Hawaii HB339 amends the renewable portfolio standards laws to ensure that any acquisition, merger, or consolidation of electric utility companies does not weaken the state's renewable energy goals. The bill mandates that acquiring entities must not renegotiate existing power purchase agreements or propose changes that reduce renewable energy benchmarks. It also requires the Public Utilities Commission to suspend its review of such applications for 180 days if the acquiring entity is an investor-owned utility.