Extends Hawaii's energy-efficiency portfolio standards to 2045, setting new interim goals and allowing adjustments for cost-effectiveness.

The bill extends Hawaii's energy-efficiency portfolio standards to 2045, aiming for six thousand gigawatt hours of electricity use reductions. It mandates the public utilities commission to establish interim goals for 2015, 2020, 2025, 2035, and 2040, and allows adjustments to maximize cost-effective energy-efficiency programs. The commission can set incentives and penalties based on performance and must evaluate the standards every five years. The bill also ensures that energy efficiency measures meet enhanced efficiency levels to be eligible for the Hawaii green infrastructure loan program.

Extends Hawaii's energy-efficiency portfolio standards to 2045, setting new interim goals and allowing adjustments for cost-effectiveness.

The bill extends Hawaii's energy-efficiency portfolio standards to 2045, aiming for six thousand gigawatt hours of electricity use reductions. It mandates the public utilities commission to establish interim goals for 2015, 2020, 2025, 2035, and 2040, and allows adjustments to maximize cost-effective energy-efficiency programs. The commission can set incentives and penalties based on performance and must evaluate the standards every five years. The bill also ensures that energy efficiency measures meet enhanced efficiency levels to be eligible for the Hawaii green infrastructure loan program.