HOUSE OF REPRESENTATIVES H.B. NO. 2615 THIRTY-SECOND LEGISLATURE, 2024 STATE OF HAWAII A BILL FOR AN ACT relating to public utilities. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
HOUSE OF REPRESENTATIVES H.B. NO. 2615
THIRTY-SECOND LEGISLATURE, 2024
STATE OF HAWAII
HOUSE OF REPRESENTATIVES
H.B. NO.
2615
THIRTY-SECOND LEGISLATURE, 2024
STATE OF HAWAII
A BILL FOR AN ACT
relating to public utilities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 269, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows: "§269- Sale of public utility. (a) Notwithstanding section 269-19, the public utilities commission shall not approve the sale of a public utility, in whole or in part, to a private entity unless the public utilities commission has first solicited competitive offers for the purchase of the public utility from entities that operate under a non-investor-owned utilities ownership model. (b) For the purposes of this section, "investor-owned utilities ownership model" means a for-profit enterprise that is publicly or privately owned by shareholders and is operating as a public utility." SECTION 2. New statutory material is underscored. SECTION 3. This Act shall take effect upon its approval. INTRODUCED BY: _____________________________
SECTION 1. Chapter 269, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§269- Sale of public utility. (a) Notwithstanding section 269-19, the public utilities commission shall not approve the sale of a public utility, in whole or in part, to a private entity unless the public utilities commission has first solicited competitive offers for the purchase of the public utility from entities that operate under a non-investor-owned utilities ownership model.
(b) For the purposes of this section, "investor-owned utilities ownership model" means a for-profit enterprise that is publicly or privately owned by shareholders and is operating as a public utility."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
INTRODUCED BY: _____________________________
INTRODUCED BY:
_____________________________
Report Title: Public Utilities Commission; Public Utilities; Sale; Approval; Non-Investor-Owned Utilities Description: Requires the PUC to solicit competitive offers from an entity operating under a non-investor-owned utilities ownership model before approving the sale of a public utility, in whole or in part, to a private entity. The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
Report Title:
Public Utilities Commission; Public Utilities; Sale; Approval; Non-Investor-Owned Utilities
Description:
Requires the PUC to solicit competitive offers from an entity operating under a non-investor-owned utilities ownership model before approving the sale of a public utility, in whole or in part, to a private entity.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.