HI HB2389

Extends Hawaii's energy-efficiency portfolio standard deadline from 2030 to 2045, increasing the statewide cumulative persisting electricity savings goal from 4,300 gigawatt hours to 6,000 gigawatt hours.

Requires the Public Utilities Commission to establish interim energy-efficiency goals for 2030, 2035, and 2040, in addition to existing goals for 2015, 2020, and 2025.

Defines "cumulative persisting electricity savings" as total electric energy savings from measures installed since January 1, 2009 that remain operational and operational in a given year.

Authorizes the Public Utilities Commission to establish incentives and penalties based on performance in achieving energy-efficiency standards and to revise standards every five years based on available information.

Takes effect upon approval on July 1, 2024.