HI SR163

Requests the Public Utilities Commission to conduct an independent analysis on maximizing cost reduction and minimizing financial risk for Hawaii residents' energy while meeting state renewable energy goals through 2055.

Requires the Commission to engage experts and develop two separate independent analyses to thoroughly evaluate potential energy paths, including the latest strategies, technologies, and innovations from Hawaii and other jurisdictions.

References an independent review from March 2026 that found the Hawaii State Energy Office's "Alternative Fuels, Repowering, and Energy Transition Study" contained calculation errors, including omitting LNG fuel costs, which would increase consumer costs by at least $300 million rather than provide savings.

Notes Hawaii's vulnerability to imported fuel price volatility from global conflicts, while renewable technology costs have dropped 90% over the last decade for battery storage and solar.

Requests a preliminary report 30 days before the 2027 legislative session and a final report 30 days before the 2028 session, with findings and proposed legislation.