HB 2231 Summary

• Clarifies that publicly owned energy cooperatives may be financed through special purpose revenue bonds issued under Hawaii Revised Statutes chapter 39A, part VI.

• Amends the definition of "energy project" to explicitly include publicly owned energy cooperatives that are certified by the Public Utilities Commission for local furnishing of electric energy or gas.

• Amends the definition of "project party" to include publicly owned energy cooperatives alongside electric or gas utilities regulated by the Public Utilities Commission under chapter 269.

• Takes effect on July 1, 2016.