HI HB2615

Amends Chapter 269, Hawaii Revised Statutes by adding a new section requiring the Public Utilities Commission to solicit competitive offers from non-investor-owned utility entities before approving the sale of a public utility in whole or in part to a private entity.

Defines "investor-owned utilities ownership model" as a for-profit enterprise publicly or privately owned by shareholders operating as a public utility.

Requires competitive bidding process that prioritizes non-investor-owned utility models over traditional investor-owned private utility sales.

Takes effect upon approval.