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HI SCR37

Concurrent Resolution

Official Source

Status

Passed

5/2/2013

Primary Sponsor

Malama Solomon

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Requests the Public Utilities Commission to establish a stranded cost recovery mechanism for electric utilities retiring fossil fuel generation plants early
  • Identifies financial barriers utilities face when closing plants before recouping their investments, preventing transition to renewable energy sources
  • Notes that modern fossil fuel plants operate at approximately 40% efficiency with older plants as low as 30%, while producing greenhouse gases and air pollutants
  • Recognizes utilities' historical obligation to serve customers under monopoly status and need for cost recovery mechanisms to facilitate energy transition
  • Directs transmission of the concurrent resolution to the Public Utilities Commission

Legislative Description

Stranded Cost Recovery Mechanism; Public Utilities

Last Action

Certified copies of resolutions sent, 06-07-13.

6/7/2013

Committee Referrals

Finance4/23/2013
Energy & Environmental Protection4/15/2013
Ways and Means4/1/2013
Energy and Environment3/5/2013

Full Bill Text

No bill text available