Hawaii SB2487 amends the Hawaii Ratepayer Protection Act to clarify the Public Utilities Commission's use of performance-based incentives for.
Hawaii SB2487 amends the Hawaii Ratepayer Protection Act to clarify the Public Utilities Commission's use of performance-based incentives for regulating electric utility rates. The bill specifies that performance-based incentives include revenue adjustment mechanisms, cost control mechanisms, and rewards for superior performance. It confirms that the commission may adopt alternative ratemaking procedures to establish electric utility rates and performance-based incentives.
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