Bill > HB1568

This bill, effective July 1, 3000, prohibits the Public Utilities Commission (PUC) from approving costs associated with liquefied natural gas (LNG), which is natural gas cooled into a liquid for transport and storage, unless specific conditions are met. These conditions include ensuring that any LNG infrastructure costs are fully paid off by 2045, preventing customers from paying for "stranded investments" (assets that become obsolete before their expected lifespan), and requiring that any fuel supply contracts do not include mandatory purchase commitments or extend beyond 2045. Furthermore, the bill mandates that LNG contracts should not increase costs for customers in certain counties, and that customers should be protected from fluctuating fuel prices, with the utility sharing in price changes. Crucially, the PUC cannot approve LNG costs if more affordable, non-fossil fuel alternatives exist or if the agreement would lead to purchasing more LNG than needed to accommodate renewable energy. The bill also amends existing law to require the PUC to explicitly consider the negative impacts of fossil fuels on renewable energy development, the risks and costs of stranded investments, and the dangers of relying on a single fuel source or supplier when evaluating utility system improvements and operations.

Agriculture and Natural Resources, Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1568&year=2026