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SB2487HIPassed 2026 Regular Session

Relating To The Public Utilities Commission.

Last status update Jun 5, 2026

What this measure contains

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)

Source summary of the imported measure. Amendments can change the wording; read a specific version for its complete provisions.

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Read the full bill at its source ↗
Source: legiscan· Loaded Oct 30, 2026· Snapshot export date not suppliedOriginal record ↗

Bill text and versions

Drafts can change as a measure moves through the Legislature. Check the version attached to a recorded vote.

Related measures

  • HB2244— Same As

Related measures may contain different language or follow different histories.

How this measure moved

Legislative path

Each stage below is a recorded decision from the official measure history, attached to the draft it considered. A member's row follows their votes from the first draft to the latest, and a highlighted vote marks where it changed. Committee and conference votes list every member by name. Floor votes list only exceptions; members serving that day who aren't named are shown as ayes in a dashed outline.

  1. Introduced
  2. SD1by CPN
  3. HD1by EEP
  4. CD1by Conference

Companion measure: HB2244. A companion follows its own path; its votes are not combined with this one.

Decision stages

  1. Energy and Intergovernmental Affairs (EIG) on the introduced draft: Passed, with amendments, reported as SD1

    5 aye · 0 no · 0 excused · Source roll call

  2. Commerce and Consumer Protection (CPN) on the introduced draft: Passed, with amendments, reported as SD1

    5 aye · 0 no · 0 excused · Source roll call

  3. Ways and Means (WAM) on SD1: Passed, unamended

    12 aye · 0 no · 1 excused · Source roll call

  4. Senate third reading on SD1: Passed

    24 aye · 0 no · 1 excused

  5. House EEP committee on SD1: Passed, with amendments, reported as HD1

    6 aye · 0 no · 1 excused

  6. House second reading on HD1: Passed

    48 aye · 0 no · 2 excused

  7. House CPC committee on HD1: Passed, unamended

    10 aye · 1 no · 0 excused

  8. House third reading on HD1: Passed

    49 aye · 1 aye with reservations · 0 no · 1 excused

  9. Senate conference managers on HD1: Passed, with amendments, reported as CD1

    4 aye · 0 no · 1 excused · Source roll call

  10. House conference managers on HD1: Passed, with amendments, reported as CD1

    4 aye · 0 no · 0 excused · Source roll call

  11. Senate final reading on CD1: Passed

    25 aye · 0 no · 0 excused

  12. House final reading on CD1: Passed

    51 aye · 0 no · 0 excused

Senate members along the path

5 more Senate members only counted as floor ayes

House members along the path

33 more House members only counted as floor ayes

Aye named · Aye* with reservations · Aye floor vote, not named as an exception · No · Excused · Changed reversed from the previous vote

Names are matched to legislators only when exactly one person fits; every printed name on this measure was matched. A missing vote means no record was found for that member at that stage, not a no vote. Committee codes follow the Legislature's abbreviations.Official measure history ↗

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Legislative history

  1. Introduced.

  2. Passed First Reading.

  3. Referred to CPN/EIG, WAM.

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

  5. 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.

  6. 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.

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

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

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

  10. 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.

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

  12. One Day Notice 03-06-26.

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

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

  15. Pass First Reading

  16. Referred to EEP, CPC, referral sheet 16

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

  18. 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.

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

  20. 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).

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

  22. 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.

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

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

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

  26. Senate disagrees with House amendments.

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

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

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

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

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

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

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

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

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

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

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

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

  39. 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.

  40. 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.

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

  42. 48 Hrs. Notice (as amended CD 1) 05-06-26.

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

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

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

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

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

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

  49. Enrolled to Governor.

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

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

Bill sponsors