Hawaii HB914 amends water carrier regulations to establish automatic adjustment mechanisms for inflation and regulatory lag.

Hawaii HB914 amends water carrier regulations to establish automatic adjustment mechanisms to address inflation and regulatory lag. The Hawaii Public Utilities Commission must create a water carrier inflationary cost index automatic adjustment mechanism tied to the annual percent change in the Gross Domestic Product Price Index. The mechanism must be applied annually and is capped at plus or minus five percent per year. The bill also allows the commission to waive or exempt water carriers from certain requirements.

Hawaii HB914 amends water carrier regulations to establish automatic adjustment mechanisms for inflation and regulatory lag.

Hawaii HB914 amends water carrier regulations to establish automatic adjustment mechanisms to address inflation and regulatory lag. The Hawaii Public Utilities Commission must create a water carrier inflationary cost index automatic adjustment mechanism tied to the annual percent change in the Gross Domestic Product Price Index. The mechanism must be applied annually and is capped at plus or minus five percent per year. The bill also allows the commission to waive or exempt water carriers from certain requirements.