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republic-os/legislation/us/states/hi/2026/sb-2487.md
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Fabio a43f31b272 Legislation: batch A — AK AL AR AZ CO CT DE GA HI IA ID 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:26:56 -04:00

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---
type: "Bill"
title: "RELATING TO THE PUBLIC UTILITIES COMMISSION."
description: "Requires the Public Utilities Commission to establish performance-based incentives, including revenue adjustment mechanisms, cost control mechanisms, and reward and penalty mechanisms on or before 1/1/2027. Clarifies that the Public Utilities Commission is authorized to adopt alternative ratemaking procedures to establish electric utility rates and performance-based incentives. (CD1)"
jurisdiction: "us/states/hi"
legislature: "Hawaii Legislature"
session: "2026"
identifier: "SB 2487"
citation: "Hawaii SB 2487 (2026)"
classification: ["bill"]
subjects: ["Hawaii Ratepayer Protection Act of 2026", "PUC", "Performance-Based Incentives", "Ratemaking"]
status: "enacted"
primary_sponsors: ["CHANG", "FEVELLA", "KEOHOKALOLE", "MCKELVEY", "MORIWAKI"]
version_count: 4
action_count: 51
vote_count: 8
first_action: "2026-01-22"
last_action: "2026-06-05"
source: "openstates"
source_identifier: "ocd-bill/bd9d5781-0c13-4242-a659-d8687dae9480"
source_url: "https://capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2487&year=2026"
source_hash: "2536c89735b84adbc34fb60406587217e86745113440f2258772f5f419b617c3"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-hi"]
---
# Hawaii SB 2487 (2026) — RELATING TO THE PUBLIC UTILITIES COMMISSION.
Requires the Public Utilities Commission to establish performance-based incentives, including revenue adjustment mechanisms, cost control mechanisms, and reward and penalty mechanisms on or before 1/1/2027. Clarifies that the Public Utilities Commission is authorized to adopt alternative ratemaking procedures to establish electric utility rates and performance-based incentives. (CD1)
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **SB2487** (committee substitute) — [source](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_.HTM)
2. **SB2487_CD1** (committee substitute) — [source](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_CD1_.HTM)
3. **SB2487_HD1** (committee substitute) — [source](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_HD1_.HTM)
4. **SB2487_SD1** (committee substitute) — [source](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2487_SD1_.HTM)
## Votes
- The Conference Committee recommends that the measure be Passed, with Amendments. — **4–0** (pass) · lower
- The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. — **6–0** (pass) · lower
- Report Adopted; Passed Third Reading. — **24–0** (pass) · upper
- The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. — **5–0** (pass) · upper
- The committee on CPC recommend that the measure be PASSED, UNAMENDED. — **10–1** (pass) · lower
- The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. — **4–0** (pass) · upper
- The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. — **12–0** (pass) · upper
- The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. — **5–0** (pass) · upper
## Sponsors
- CHANG — primary (person)
- FEVELLA — primary (person)
- KEOHOKALOLE — primary (person)
- MCKELVEY — primary (person)
- MORIWAKI — primary (person)
- Hashimoto — cosponsor (person)
- San Buenaventura — cosponsor (person)
- Wakai — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2026-06-05** Act 093, on 06/05/2026 (Gov. Msg. No. 1193). `became-law`
- **2026-06-05** Act 093, 06/05/2026 (Gov. Msg. No. 1193). `became-law`
- **2026-05-08** Enrolled to Governor. `executive-receipt`
- **2026-05-08** Received notice of passage on Final Reading in House (Hse. Com. No. 888). `receipt`
- **2026-05-06** Received notice of Final Reading (Sen. Com. No. 816). `receipt`
- **2026-05-06** Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0). `passage`
- **2026-05-06** Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none. `passage`
- **2026-05-01** Forty-eight (48) hours notice Wednesday, 05-06-26.
- **2026-05-01** Reported from Conference Committee (Conf Com. Rep. No. 184-26) as amended in (CD 1).
- **2026-05-01** 48 Hrs. Notice (as amended CD 1) 05-06-26.
- **2026-05-01** Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 184-26).
- **2026-05-01** The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Lowen, Matayoshi, Perruso, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
- **2026-05-01** The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 4 Aye(s): Senator(s) Keohokalole, Wakai, Inouye, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey. `committee-passage-favorable`
- **2026-04-30** Conference committee meeting to reconvene on 05-01-26 2:30PM; Conference Room 224.
- **2026-04-29** Conference committee meeting to reconvene on 04-30-26 2:40PM; Conference Room 224.
- **2026-04-28** Conference committee meeting to reconvene on 04-29-26 2:40PM; CR 224.
- **2026-04-27** Conference committee meeting to reconvene on 04-28-26 2:40PM; Conference Room 224.
- **2026-04-24** Conference committee meeting to reconvene on 04-27-26 2:40PM; CR 224.
- **2026-04-23** Received notice of Senate conferees (Sen. Com. No. 740). `receipt`
- **2026-04-23** Conference committee meeting scheduled for 04-24-26 3:30PM; Conference Room 224.
- **2026-04-23** Senate Conferees Appointed: Keohokalole Chair; Wakai, Inouye Co-Chairs; McKelvey, Awa.
- **2026-04-20** Received notice of appointment of House conferees (Hse. Com. No. 787). `receipt`
- **2026-04-20** House Conferees Appointed: Lowen, Matayoshi, Perruso Co-Chairs; Matsumoto.
- **2026-04-20** Re-referred to EEP, CPC, FIN, referral sheet 30 `referral-committee`
- **2026-04-16** Received notice of disagreement (Sen. Com. No. 710). `receipt`
- **2026-04-16** Senate disagrees with House amendments. `amendment-failure`
- **2026-04-16** Received from House (Hse. Com. No. 665). `introduction, receipt`
- **2026-04-14** Passed Third Reading with Representative(s) Shimizu voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). Transmitted to Senate. `passage`
- **2026-04-10** Reported from CPC (Stand. Com. Rep. No. 2123-26), recommending passage on Third Reading.
- **2026-04-07** The committee on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Ichiyama, Iwamoto, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; 1 Noes: Representative(s) Kong; and Excused: none. `committee-passage-favorable`
- **2026-04-02** Bill scheduled to be heard by CPC on Tuesday, 04-07-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.
- **2026-03-24** Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Garrett, Quinlan excused (2). `reading-2, referral-committee`
- **2026-03-24** Reported from EEP (Stand. Com. Rep. No. 1379-26) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
- **2026-03-19** The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Lowen, Perruso, Chun, Kahaloa, Kusch, Matsumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Quinlan. `committee-passage-favorable`
- **2026-03-16** Bill scheduled to be heard by EEP on Thursday, 03-19-26 9:40AM in House conference room 325 VIA VIDEOCONFERENCE.
- **2026-03-10** Referred to EEP, CPC, referral sheet 16 `referral-committee`
- **2026-03-10** Pass First Reading `reading-1`
- **2026-03-06** Received from Senate (Sen. Com. No. 56) in amended form (SD 1). `introduction, receipt`
- **2026-03-06** Report Adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House. `passage`
- **2026-03-05** One Day Notice 03-06-26.
- **2026-03-05** Reported from WAM (Stand. Com. Rep. No. 2861) with recommendation of passage on Third Reading.
- **2026-03-03** The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella. `committee-passage-favorable`
- **2026-02-27** The committee(s) on WAM will hold a public decision making on 03-03-26 10:17AM; Conference Room 211 & Videoconference.
- **2026-02-13** Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. `reading-2, referral-committee`
- **2026-02-13** Reported from CPN/EIG (Stand. Com. Rep. No. 2258) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
- **2026-02-04** The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. `committee-passage-favorable`
- **2026-02-04** 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`
- **2026-01-30** The committee(s) on CPN/EIG has scheduled a public hearing on 02-04-26 9:30AM; Conference Room 229 & Videoconference.
- **2026-01-28** Referred to CPN/EIG, WAM. `referral-committee`
- **2026-01-22** Passed First Reading. `reading-1`
- **2026-01-22** Introduced. `introduction`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/bd9d5781-0c13-4242-a659-d8687dae9480`. Confidence: reported (aggregated from official Hawaii legislature records).
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