HI SR157

Requests the Public Utilities Commission to require all liquefied natural gas (LNG) infrastructure costs be fully amortized by 2045, with ratepayers protected from paying for stranded investments.

Power purchase and fuel supply agreements must exclude volumetric commitments or take-or-pay requirements, and must include provisions for fuel supplies to decline to zero by 2045.

Fuel supply agreements must not increase costs for customers in Hawaii, Kauai, or Maui counties, and must include protections from fuel price volatility starting at no less than 10% utility cost-sharing.

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

The Commission should consider risks of stranded assets, monopoly supplier dependence, and potential diversion of resources away from Hawaii's 100% renewable portfolio standard goal by 2045 when evaluating LNG cost approvals.