HI SB715

Increases Hawaii's renewable portfolio standards to 70% by December 31, 2035 and 100% by December 31, 2050 for electric utility companies selling electricity in the state.

Adds new exemption allowing utilities to deviate from 2035 and 2050 standards if acquiring sufficient renewable energy is not economically beneficial to Hawaii compared to fossil fuel alternatives.

Expands list of events beyond a utility's reasonable control to include inability to acquire cost-effective renewable energy and inability to obtain permits or land use approvals for renewable projects.

Requires the Public Utilities Commission to assess the impact of renewable portfolio standards on energy prices offered by renewable energy developers in its cost-effectiveness studies and five-year evaluations.

Effective date is July 1, 2050.