HI HB1568

Prohibits the Public Utilities Commission from approving liquefied natural gas (LNG) infrastructure, operations, maintenance, or fuel costs unless all infrastructure costs are fully amortized by 2045 with no stranded investment costs passed to ratepayers.

Requires any LNG power purchase or fuel supply agreements to exclude volumetric commitments or take-or-pay requirements, with provisions for supplies declining to zero by 2045.

Bars approval of LNG-related costs if more cost-effective non-fossil-fuel alternatives exist or if agreements would commit utilities to purchasing more LNG than necessary to accommodate maximum renewable energy on the grid.

Expands factors the Public Utilities Commission must consider when evaluating utility system costs to include delay of renewable energy development, stranded investment risks, and risks of reliance on single fuel suppliers under long-term obligations.

Effective date set for July 1, 3000, indicating the bill is a placeholder or requires further amendment before implementation.