HI HR197

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

Fuel supply agreements must not include take-or-pay requirements and must include provisions for supplies declining to zero by 2045 to align with Hawaii's 100% renewable portfolio standard.

Power purchase or fuel supply agreements must not increase costs for customers in Hawaii, Kauai, or Maui counties, including downstream effects from changing fuel supplies.

Utilities must share in fuel price volatility risks, starting at no less than 10% and increasing over time as fuel volumes decline.

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