HI HB2567

Establishes "substantial net benefit" as the standard for the Public Utilities Commission to evaluate transfers or assignments of electric utilities, replacing prior guidance that relied on "fit, willing, and able" criteria.

Requires the Commission to consider whether proposed transactions are in the public interest, including impacts on the State's economy, ratepayers, employees, clean energy goals, and competition in energy markets.

Mandates examination of whether applicants can provide safe, adequate, and reliable electric service at the lowest reasonable cost, including effects on rates, service reliability, management, and financial soundness.

Directs the Commission to evaluate whether transactions would diminish regulatory authority, whether the transferee or assignee has compliance or enforcement history, and what conditions are necessary to protect ratepayers and the State.

Takes effect on January 1, 2017.