Hawaii SB996 clarifies that premium interest rates for high-yield credit are just and reasonable for nonfossil fuel electricity rates.
Hawaii SB996 aims to ensure reliable and affordable energy by clarifying that incremental adjustments linked to premium interest rates for high-yield credit are just and reasonable for nonfossil fuel electricity rates. This clarification allows the public utilities commission to include these adjustments in the rate for electricity generated from nonfossil fuels. The bill seeks to mitigate the impact of the investor-owned electric utility's sub-investment-grade status on renewable energy projects, ensuring their procurement and successful deployment.
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