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SB2487Introduced in the Senate

Relating To The Public Utilities Commission.

Passed

Introduced by Jarrett Keohokalole, District 24

What does this bill do?

Plain-English breakdown

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Official 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)

Where it stands

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

June 5, 2026

How did lawmakers vote?

House votes

1 recorded vote · each counted separately

Senate votes

4 recorded votes · each counted separately

SenateStage: Senate Conference: Passed, With Amendments · May 1, 2026

4

Yes

0

No

1

Absent or Not Voting

5 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

See how each senator voted

SenatorDistrictVote
Lorraine Inouye1Yes
Angus McKelvey6Absent
Glenn Wakai15Yes
Brenton Awa23Yes
Jarrett Keohokalole24Yes

Bill 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).

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