Requires 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 revenues from on-bill charges for power purchase agreements and money from a surcharge supporting a reserve account shall be held in trust by the Department of Budget and Finance, and that independent power producers shall hold a beneficial interest in the revenues to the extent of the amounts owed under the covered power purchase agreements. Appoints, authorizes, and empowers the 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. (CD1)
Requires 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 revenues from on-bill charges for power purchase agreements and money from a surcharge supporting a reserve account shall be held in trust by the Department of Budget and Finance, and that independent power producers shall hold a beneficial interest in the revenues to the extent of the amounts owed under the covered power purchase agreements. Appoints, authorizes, and empowers the 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. (CD1)
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
2025-05-02 Enrolled to Governor. executive-receipt
2025-05-02 Received notice of passage on Final Reading in House (Hse. Com. No. 821). receipt
2025-05-01 Received notice of Final Reading (Sen. Com. No. 888). receipt
2025-04-30 Passed Final Reading as amended in CD 1 with Representative(s) Iwamoto voting aye with reservations; Representative(s) Garcia, Muraoka, Pierick, Shimizu voting no (4) and Representative(s) Cochran excused (1). passage
2025-04-30 Passed Final Reading, as amended (CD 1). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none). passage
2025-04-25 Reported from Conference Committee (Conf Com. Rep. No. 201) as amended in (CD 1).
2025-04-25 48 Hrs. Notice (as amended CD 1) 04-30-25.
2025-04-25 Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 201).
2025-04-25 The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Lowen, Yamashita, Kusch, Perruso; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Alcos.
2025-04-25 The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Hashimoto, Keohokalole, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. committee-passage-favorable
2025-04-25 Conference committee meeting to reconvene on 04-25-25 5:50 PM; Conference Room 309.
2025-04-25 Conference committee meeting to reconvene on 04-25-25 5:15 PM; Conference Room 309.
2025-04-24 Conference Committee Meeting will reconvene on Friday 04-25-25 9:15AM in conference room 325.
2025-04-23 Bill scheduled for Conference Committee Meeting on Thursday, 04-24-25 9:15AM in conference room 325.
2025-04-17 Received notice of Senate conferees (Sen. Com. No. 825). receipt
2025-04-21 Received notice of appointment of House conferees (Hse. Com. No. 754). receipt
2025-04-17 House Conferees Appointed: Lowen, Yamashita Co-Chairs; Kusch, Perruso, Alcos.
2025-04-04 Received notice of disagreement (Sen. Com. No. 590). receipt
2025-04-04 Senate disagrees with House amendments. amendment-failure
2025-04-04 Received from House (Hse. Com. No. 496). introduction, receipt
2025-04-03 Passed Third Reading with Representative(s) Iwamoto voting aye with reservations; Representative(s) Garcia, Muraoka, Pierick voting no (3) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate. passage
2025-04-03 Reported from FIN (Stand. Com. Rep. No. 1936), recommending passage on Third Reading.
2025-03-31 The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Holt, Ward. committee-passage-favorable
2025-03-28 Bill scheduled to be heard by FIN on Monday, 03-31-25 3:15PM in House conference room 308 VIA VIDEOCONFERENCE.
2025-03-21 Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Reyes Oda voting aye with reservations; Representative(s) Garcia, Muraoka, Pierick voting no (3) and Representative(s) Cochran, Garrett, Kapela, Kitagawa, Ward excused (5). reading-2, referral-committee
2025-03-21 Reported from EEP (Stand. Com. Rep. No. 1492) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2025-03-20 The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch, Quinlan; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Ward. committee-passage-favorable
2025-03-18 Bill scheduled for decision making on Thursday, 03-20-25 11:30AM in conference room 325 VIA VIDEOCONFERENCE.
2025-03-18 The committee(s) on EEP recommend(s) that the measure be deferred until 03-20-25 11:30AM. deferral
2025-03-14 Bill scheduled for decision making on Tuesday, 03-18-25 9:20AM in conference room 325 VIA VIDEOCONFERENCE.
2025-03-12 The committee(s) on EEP recommend(s) that the measure be deferred until 03-18-25. deferral
2025-03-11 Bill scheduled for decision making on Wednesday, 03-12-25 11:15AM in conference room 325 VIA VIDEOCONFERENCE.
2025-03-11 The committee(s) on EEP recommend(s) that the measure be deferred until 03-12-25 11:15AM. deferral
2025-03-07 Bill scheduled to be heard by EEP on Tuesday, 03-11-25 9:00AM in House conference room 325 VIA VIDEOCONFERENCE.
2025-03-06 Referred to EEP, FIN, referral sheet 19 referral-committee
2025-03-06 Pass First Reading reading-1
2025-03-04 Received from Senate (Sen. Com. No. 356) in amended form (SD 2). introduction, receipt
2025-03-04 Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none). Transmitted to House. passage
2025-02-28 48 Hrs. Notice 03-04-25.
2025-02-28 Reported from WAM (Stand. Com. Rep. No. 1050) with recommendation of passage on Third Reading, as amended (SD 2).
2025-02-27 The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. committee-passage-favorable
2025-02-21 The committee(s) on WAM will hold a public decision making on 02-27-25 10:30AM; Conference Room 211 & Videoconference.
2025-02-14 Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. reading-2, referral-committee
2025-02-14 Reported from EIG/CPN (Stand. Com. Rep. No. 674) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2025-02-11 The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: none ; 1 No(es): Senator(s) Awa; and 1 Excused: Senator(s) McKelvey. committee-passage-favorable
2025-02-11 The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 5 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. committee-passage-favorable
2025-02-06 The committee(s) on EIG/CPN has scheduled a public hearing on 02-11-25 9:30AM; Conference Room 229 & Videoconference.
2025-01-27 Referred to EIG/CPN, WAM. referral-committee
2025-01-23 Introduced and passed First Reading. introduction
2025-01-22 Pending Introduction.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0822c9b3-b9bf-4a41-a92f-47c789cf1319. Confidence: reported (aggregated from official Hawaii legislature records).