THE SENATE	S.B. NO.	3285
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:	_____________________________

 

 

 

 

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.

 

 

 

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