SB137

Hawaii SB137 regulates the acquisition, merger, or consolidation of electric utility companies by imposing conditions on investor-owned entities.

Hawaii SB137 mandates that the Public Utilities Commission (PUC) suspend its review of applications for the acquisition, merger, or consolidation of electric utility companies by investor-owned entities for 180 days. During this period, the PUC must consider alternative applications from non-investor-owned entities. The bill also requires the PUC to impose conditions on any approved acquisition, merger, or consolidation, ensuring that the acquiring entity does not propose changes that would negatively impact renewable energy goals or the existing performance-based regulation framework.