Hawaii SB743 authorizes preferential rates for renewable energy produced with prevailing wages.

Hawaii SB743 amends state law to allow the public utilities commission to set preferential rates for renewable energy from facilities that pay prevailing wages. This aims to support Hawaii's goal of achieving a 100% renewable portfolio standard by 2045. The bill also appropriates funds for the commission to cover costs related to authorizing these rates. Prevailing wages are defined as per section 104-1 of Hawaii Revised Statutes. The act takes effect on July 1, 2025.

Hawaii SB743 authorizes preferential rates for renewable energy produced with prevailing wages.

Hawaii SB743 amends state law to allow the public utilities commission to set preferential rates for renewable energy from facilities that pay prevailing wages. This aims to support Hawaii's goal of achieving a 100% renewable portfolio standard by 2045. The bill also appropriates funds for the commission to cover costs related to authorizing these rates. Prevailing wages are defined as per section 104-1 of Hawaii Revised Statutes. The act takes effect on July 1, 2025.