HI HR158

Requests the Public Utilities Commission to protect the public interest while reviewing NextEra Energy, Inc.'s proposed acquisition of Hawaiian Electric Industries, examining whether the transaction benefits ratepayers and the State.

Directs the PUC to investigate NextEra's business practices in Florida, including its history of blocking solar competition, spending millions on political contributions, hiring former regulators, and opposing renewable energy initiatives.

Requires the PUC to evaluate whether the acquisition would result in affordable rates, reliable service, improved management, and compliance with Hawaii's clean energy goals while ensuring adequate safeguards against cross-subsidization and financial risks.

Urges the PUC to establish a procedural schedule completing regulatory review by June 2016 to allow the Consumer Advocate and 28 intervenors adequate time for thorough analysis.

Requests the PUC impose strict conditions protecting reliability, reasonable rates, competition and customer choice, and local jobs, with findings and recommendations due to the House by June 2017.