Energy (Oil & Gas)

This Senate Concurrent Resolution requests the Hawaii Public Utilities Commission to impose specific conditions before approving any liquefied natural gas-related costs for utilities. The bill requires that all LNG infrastructure costs be fully paid off by 2045, eliminates take-or-pay fuel contracts, prevents rate increases for Hawaii, Kauai, and Maui counties, and mandates utilities share fuel price volatility with customers. Additionally, the resolution asks the commission to deny LNG costs if cheaper renewable alternatives exist or if the agreement would lock utilities into purchasing more gas than needed for renewable energy operations. This measure directly affects Hawaiian Electric and other utilities by setting stricter financial and environmental criteria for approving natural gas projects.

Prohibits the Public Utilities Commission from approving costs of infrastructure, operations and maintenance, fuel, or other costs relating to supplying and using liquefied natural gas unless certain conditions are met. Requires the Public Utilities Commission to consider the effect of fossil fuels on renewable energy, stranded investment risks and costs, and costs and risks of reliance on a single fuel supply or monopoly supplier when making determinations of the reasonableness of the costs pertaining to electric or gas utility system capital improvements and operations. Effective 7/1/3000. (HD1)