Relating To Energy.
State of HawaiiHawaiiRequires the Department of Budget and Finance to enter into step-in agreements for payment obligations arising under certain power purchase agreements. Establishes the Power Purchase Costs Trust Fund. Establishes that money collected from on-bill charges for power purchase agreements and money received from a surcharge supporting a reserve account that are deposited in the Trust Fund shall be held in trust by the State, and that independent power producers shall hold a beneficial interest in the moneys to the extent of the amounts owed under the covered power purchase agreements. Appoints, authorizes, and empowers an electric utility to serve as the billing, collection, and payment agent of the Department of Budget and Finance in the service of performing step-in agreements. (SD1)
- Status
- Engrossed
- Passed its first chamber
- Status date
- Feb 27, 2025
- 623 days ago
- Current chamber
- Senate
- Session
- 2026 Regular Session
HI HB 974 · EngrossedFeb 27
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Bill details
- Last action
- Carried over to 2026 Regular Session. · Dec 8, 2025
Sponsor
NLNicole LowenRepresentative · Democrat · HD-007Primary sponsorPrimary sponsor
Bill history
Newest first.
Dec 8, 2025Carried over to 2026 Regular Session.
Apr 3, 2025The committee on WAM deferred the measure.Senate
Mar 28, 2025The committee(s) on WAM deferred the measure until 04-03-25 10:02AM; Conference Room 211 & Videoconference.Senate
Mar 25, 2025The committee(s) on WAM will hold a public decision making on 03-28-25 10:02AM; Conference Room 211 & Videoconference.Senate
Mar 21, 2025Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Senate
Mar 21, 2025Reported from EIG/CPN (Stand. Com. Rep. No. 1348) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.Senate
Mar 20, 2025The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 4 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.Senate
Mar 20, 2025The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Richards; Aye(s) with reservations: Senator(s) Fukunaga, McKelvey ; 1 No(es): Senator(s) Awa; and 0 Excused: none.Senate
Show 21 earlier actions
Mar 14, 2025The committee(s) on EIG/CPN has scheduled a public hearing on 03-20-25 9:30AM; Conference Room 229 & Videoconference.Senate
Mar 4, 2025Referred to EIG/CPN, WAM.Senate
Feb 28, 2025Passed First Reading.Senate
Feb 28, 2025Received from House (Hse. Com. No. 45).Senate
Feb 27, 2025Passed Third Reading with Representative(s) Amato, Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). Transmitted to Senate.House
Feb 27, 2025Reported from FIN (Stand. Com. Rep. No. 886), recommending passage on Third Reading.House
Feb 20, 2025The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Alcos, Ward.House
Feb 18, 2025Bill scheduled to be heard by FIN on Thursday, 02-20-25 12:00PM in House conference room 308 VIA VIDEOCONFERENCE.House
Feb 14, 2025Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Amato, Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4).House
Feb 14, 2025Reported from EEP (Stand. Com. Rep. No. 769) as amended in HD 1, recommending passage on Second Reading and referral to FIN.House
Feb 13, 2025The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 4 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Quinlan, Ward.House
Feb 11, 2025Bill scheduled for decision making on Thursday, 02-13-25 10:15AM in conference room 325 VIA VIDEOCONFERENCE.House
Feb 11, 2025The committee(s) on EEP recommend(s) that the measure be deferred until 02-13-25 10:15AM.House
Feb 6, 2025Bill scheduled for decision making on Tuesday, 02-11-25 10:20AM in conference room 325 VIA VIDEOCONFERENCE.House
Feb 6, 2025The committee(s) on EEP recommend(s) that the measure be deferred until 02-11-25 10:20AM.House
Jan 30, 2025Bill scheduled for decision making on Thursday, 02-06-25 9:01AM in conference room 325 VIA VIDEOCONFERENCE.House
Jan 30, 2025The committee(s) on EEP recommend(s) that the measure be deferred until 02-06-25.House
Jan 27, 2025Bill scheduled to be heard by EEP on Thursday, 01-30-25 9:00AM in House conference room 325 VIA VIDEOCONFERENCE.House
Jan 23, 2025Referred to EEP, FIN, referral sheet 3House
Jan 23, 2025Introduced and Pass First Reading.House
Jan 21, 2025Pending introduction.House
Recorded votes
Senate Energy and Intergovernmental Affairs: Passed, With AmendmentsMar 20, 2025 · Senate · 4 yea · 0 nayPassedPassed
Senate Commerce and Consumer Protection: Passed, With AmendmentsMar 20, 2025 · Senate · 4 yea · 1 nayPassedPassed
Subjects
- BNF
- Public Utilities Commission
- Energy
- Step-In Agreements
- Power Purchase Agreements
- Power Purchase Costs Trust Fund
Read the bill at the source
This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.
Bill data from LegiScan, licensed under CC BY 4.0.