HI HB1142

Requires electric utility companies and renewable energy producers to include curtailment limits in power purchase agreements, with a maximum number of hours per calendar year that the utility can curtail or interrupt renewable energy production as agreed between parties.

Entitles renewable energy producers to receive compensation if curtailment or interruption exceeds the agreed-upon maximum hours, calculated as a contractually prescribed percentage of design capacity multiplied by excess curtailment hours and the applicable energy payment rate.

Applies curtailment limits to both geothermal electricity and electricity from nonfossil fuel sources under sections 269-27.1 and 269-27.2 of Hawaii Revised Statutes.

Exempts curtailment or interruption from compensation requirements when caused by emergencies that imminently threaten the electrical grid or result from natural or manmade disasters.

Does not apply to any power purchase agreements entered into before the Act's effective date.