RELATING TO ENERGY.
What changed between versions
The effective date was moved from July 1, 2050 to July 1, 2026, but the actual implementation is now contingent on a study report due in 2028.
The requirement for the Public Utilities Commission to adopt rules forcing separation was changed to a requirement to conduct a study on the desirability of such separation.
The study must specifically examine impacts on labor, neighbor islands, ratepayer savings, rate stability, system reliability, climate goals, and market competition.
The requirement for a single, expedited rulemaking proceeding was removed, allowing for a more flexible, study-driven process.
The strict prohibition on ownership of generation services by transmission utilities was removed and replaced with authorization for the commission to adopt rules only after the study.