HI HR205

Urges Hawaiian Electric Industries and its utility subsidiaries to remain under local ownership in the event of bankruptcy

Requests an options analysis of alternative forms of local ownership and regulatory models, considering impacts of the August 2023 Maui wildfires

Notes Hawaiian Electric Industries supplies power to 95% of Hawaii's population across Oahu, Hawaii Island, Maui, Lanai, and Molokai

Highlights company's financial distress, including hiring a utility bankruptcy expert as Chief Financial Officer and facing multiple lawsuits related to the August 8, 2023 Maui wildfires

Requires distribution of resolution to Hawaiian Electric Industries, state energy office, Public Utilities Commission, Governor, legislature leaders, and county mayors