Bill Commons

HI SB 2487

enacted

RELATING TO THE PUBLIC UTILITIES COMMISSION.

Hawaii · 2026 Regular Session · upper

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Quick answers

Did HI SB 2487 pass?

Yes. HI SB 2487 has been enacted into law. Latest recorded action (2026-06-05): Act 093, 06/05/2026 (Gov. Msg. No. 1193).

What is HI SB 2487 about?

Requires the Public Utilities Commission to establish performance-based incentives, including revenue adjustment mechanisms, cost control mechanisms, and reward and penalty mechanisms on or before 1/1/2027. Clarifies that the Public Utilities Commission is authorized to adopt alternative ratemaking procedures to establish electric utility rates and performance-based incentives. (CD1)

Who sponsors HI SB 2487?

KEOHOKALOLE, CHANG, FEVELLA and 2 others are the primary sponsors of HI SB 2487, joined by 3 cosponsors.

Description

Requires the Public Utilities Commission to establish performance-based incentives, including revenue adjustment mechanisms, cost control mechanisms, and reward and penalty mechanisms on or before 1/1/2027. Clarifies that the Public Utilities Commission is authorized to adopt alternative ratemaking procedures to establish electric utility rates and performance-based incentives. (CD1)

Introduced
2026-01-22
Latest action
2026-06-05 — Act 093, 06/05/2026 (Gov. Msg. No. 1193).
Bill type
bill
Last updated
—

Subjects

Sponsors

  • KEOHOKALOLEprimary
  • CHANGprimary
  • FEVELLAprimary
  • MCKELVEYprimary
  • MORIWAKIprimary
  • Hashimotocosponsor
  • San Buenaventuracosponsor
  • Wakaicosponsor

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-06-05

    Act 093, 06/05/2026 (Gov. Msg. No. 1193).

    became-law

  2. 2026-06-05

    Act 093, on 06/05/2026 (Gov. Msg. No. 1193).

    became-law

  3. 2026-05-08

    Received notice of passage on Final Reading in House (Hse. Com. No. 888).

    receipt

  4. 2026-05-08

    Enrolled to Governor.

    executive-receipt

  5. 2026-05-06

    Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.

    passage

  6. 2026-05-06

    Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).

    passage

  7. 2026-05-06

    Received notice of Final Reading (Sen. Com. No. 816).

    receipt

  8. 2026-05-01

    The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 4 Aye(s): Senator(s) Keohokalole, Wakai, Inouye, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey.

    committee-passage-favorable

  9. 2026-05-01

    The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Lowen, Matayoshi, Perruso, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

    committee-passage-favorable

  10. 2026-05-01

    Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 184-26).

  11. 2026-05-01

    48 Hrs. Notice (as amended CD 1) 05-06-26.

  12. 2026-05-01

    Reported from Conference Committee (Conf Com. Rep. No. 184-26) as amended in (CD 1).

  13. 2026-05-01

    Forty-eight (48) hours notice Wednesday, 05-06-26.

  14. 2026-04-30

    Conference committee meeting to reconvene on 05-01-26 2:30PM; Conference Room 224.

  15. 2026-04-29

    Conference committee meeting to reconvene on 04-30-26 2:40PM; Conference Room 224.

  16. 2026-04-28

    Conference committee meeting to reconvene on 04-29-26 2:40PM; CR 224.

  17. 2026-04-27

    Conference committee meeting to reconvene on 04-28-26 2:40PM; Conference Room 224.

  18. 2026-04-24

    Conference committee meeting to reconvene on 04-27-26 2:40PM; CR 224.

  19. 2026-04-23

    Senate Conferees Appointed: Keohokalole Chair; Wakai, Inouye Co-Chairs; McKelvey, Awa.

  20. 2026-04-23

    Conference committee meeting scheduled for 04-24-26 3:30PM; Conference Room 224.

  21. 2026-04-23

    Received notice of Senate conferees (Sen. Com. No. 740).

    receipt

  22. 2026-04-20

    Re-referred to EEP, CPC, FIN, referral sheet 30

    referral-committee

  23. 2026-04-20

    House Conferees Appointed: Lowen, Matayoshi, Perruso Co-Chairs; Matsumoto.

  24. 2026-04-20

    Received notice of appointment of House conferees (Hse. Com. No. 787).

    receipt

  25. 2026-04-16

    Received from House (Hse. Com. No. 665).

    introduction,receipt

  26. 2026-04-16

    Senate disagrees with House amendments.

    amendment-failure

  27. 2026-04-16

    Received notice of disagreement (Sen. Com. No. 710).

    receipt

  28. 2026-04-14

    Passed Third Reading with Representative(s) Shimizu voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). Transmitted to Senate.

    passage

  29. 2026-04-10

    Reported from CPC (Stand. Com. Rep. No. 2123-26), recommending passage on Third Reading.

  30. 2026-04-07

    The committee on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Ichiyama, Iwamoto, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; 1 Noes: Representative(s) Kong; and Excused: none.

    committee-passage-favorable

  31. 2026-04-02

    Bill scheduled to be heard by CPC on Tuesday, 04-07-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.

  32. 2026-03-24

    Reported from EEP (Stand. Com. Rep. No. 1379-26) as amended in HD 1, recommending passage on Second Reading and referral to CPC.

  33. 2026-03-24

    Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Garrett, Quinlan excused (2).

    reading-2,referral-committee

  34. 2026-03-19

    The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Lowen, Perruso, Chun, Kahaloa, Kusch, Matsumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Quinlan.

    committee-passage-favorable

  35. 2026-03-16

    Bill scheduled to be heard by EEP on Thursday, 03-19-26 9:40AM in House conference room 325 VIA VIDEOCONFERENCE.

  36. 2026-03-10

    Pass First Reading

    reading-1

  37. 2026-03-10

    Referred to EEP, CPC, referral sheet 16

    referral-committee

  38. 2026-03-06

    Report Adopted; Passed Third Reading. Ayes, 24; Aye(s) with reservations: none. Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House.

    passage

  39. 2026-03-06

    Received from Senate (Sen. Com. No. 56) in amended form (SD 1).

    introduction,receipt

  40. 2026-03-05

    Reported from WAM (Stand. Com. Rep. No. 2861) with recommendation of passage on Third Reading.

  41. 2026-03-05

    One Day Notice 03-06-26.

  42. 2026-03-03

    The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

    committee-passage-favorable

  43. 2026-02-27

    The committee(s) on WAM will hold a public decision making on 03-03-26 10:17AM; Conference Room 211 & Videoconference.

  44. 2026-02-13

    Reported from CPN/EIG (Stand. Com. Rep. No. 2258) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

  45. 2026-02-13

    Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

    passage,reading-2,referral-committee

  46. 2026-02-04

    The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 5 Aye(s): Senator(s) Wakai, Chang, DeCoite, Richards, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

    committee-passage-favorable

  47. 2026-02-04

    The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

    committee-passage-favorable

  48. 2026-01-30

    The committee(s) on CPN/EIG has scheduled a public hearing on 02-04-26 9:30AM; Conference Room 229 & Videoconference.

  49. 2026-01-28

    Referred to CPN/EIG, WAM.

    referral-committee

  50. 2026-01-22

    Introduced.

    introduction

  51. 2026-01-22

    Passed First Reading.

    reading-1

Versions

Documents

Votes

  • The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS.

    2026-02-04 · pass · 5-0

    Member-level votes (5)
    • Keohokalole: yes
    • Fukunaga: yes
    • Lamosao: yes
    • McKelvey: yes
    • Awa: yes

  • The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS.

    2026-02-04 · pass · 5-0

    Member-level votes (5)
    • Wakai: yes
    • Chang: yes
    • DeCoite: yes
    • Richards: yes
    • Fevella: yes

  • The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED.

    2026-03-03 · pass · 12-0

    Member-level votes (14)
    • Dela Cruz: yes
    • Moriwaki: yes
    • DeCoite: yes
    • Elefante: yes
    • Hashimoto: yes
    • Inouye: yes
    • Kanuha: yes
    • Kidani: yes
    • Kim: yes
    • Lee: yes
    • C: yes
    • Richards: yes
    • Wakai: yes
    • Fevella: not voting

  • Report Adopted; Passed Third Reading.

    2026-03-06 · pass · 24-0

    Member-level votes (1)
    • Senator(s: not voting

  • The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS.

    2026-03-19 · pass · 6-0

    Member-level votes (7)
    • Lowen: yes
    • Perruso: yes
    • Chun: yes
    • Kahaloa: yes
    • Kusch: yes
    • Matsumoto: yes
    • Quinlan: not voting

  • The committee on CPC recommend that the measure be PASSED, UNAMENDED.

    2026-04-07 · pass · 10-1

    Member-level votes (11)
    • Matayoshi: yes
    • Grandinetti: yes
    • Chun: yes
    • Ilagan: yes
    • Ichiyama: yes
    • Iwamoto: yes
    • Lowen: yes
    • Marten: yes
    • Tam: yes
    • Pierick: yes
    • Kong: no

  • The Conference Committee recommends that the measure be Passed, with Amendments.

    2026-05-01 · pass · 4-0

    Member-level votes (4)
    • Lowen: yes
    • Matayoshi: yes
    • Perruso: yes
    • Matsumoto: yes

  • The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS.

    2026-05-01 · pass · 4-0

    Member-level votes (5)
    • Keohokalole: yes
    • Wakai: yes
    • Inouye: yes
    • Awa: yes
    • McKelvey: not voting

Related bills

Official source

https://capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2487&year=2026

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:20:09.051962Z

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