Hawaii SB445 mandates renewable energy standards for electric utilities and requires cost reductions for fossil fuel resources when adding renewable.

Hawaii SB445 amends state law to establish renewable energy standards for electric utilities, requiring them to meet specific percentages of net electricity sales through renewable sources by certain dates. The bill also mandates that electric utilities remove costs related to fossil fuel resources from their rate base when adding new or converted renewable energy resources. The Public Utilities Commission is tasked with developing a utility ratemaking structure, analyzing data, and establishing standards to ensure cost-effectiveness and reliability.

Hawaii SB445 mandates renewable energy standards for electric utilities and requires cost reductions for fossil fuel resources when adding renewable.

Hawaii SB445 amends state law to establish renewable energy standards for electric utilities, requiring them to meet specific percentages of net electricity sales through renewable sources by certain dates. The bill also mandates that electric utilities remove costs related to fossil fuel resources from their rate base when adding new or converted renewable energy resources. The Public Utilities Commission is tasked with developing a utility ratemaking structure, analyzing data, and establishing standards to ensure cost-effectiveness and reliability.