HI HCR207

Requests the Public Utilities Commission to require all liquefied natural gas infrastructure costs be fully amortized by 2045, with ratepayers protected from stranded investment costs.

Requires any LNG power purchase or fuel supply agreements to exclude take-or-pay requirements and include provisions for supplies declining to zero by 2045 to align with Hawaii's 100% renewable portfolio standard.

Mandates customer protections from fuel price volatility, including utility sharing of price changes starting at minimum 10%, increasing over time as fuel volumes decline.

Directs the PUC to deny LNG-related costs if more cost-effective non-fossil-fuel alternatives exist or if approvals would commit utilities to purchasing more LNG than necessary to accommodate maximum renewable energy on the grid.

Requires the PUC to consider impacts on renewable energy development and risks of stranded assets when evaluating electric or gas utility system improvements involving LNG.