Rep. Thielen addresses SB1214 Bonds to assist Hawaiian Electric Company,

RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST HAWAIIAN ELECTRIC COMPANY, INC., MAUI ELECTRIC COMPANY, LIMITED, AND HAWAII ELECTRIC LIGHT COMPANY, INC.
Report Title:  Special Purpose Revenue Bonds; Electric Utilities; HECO ($)
Description:  Authorizes the issuance of special purpose revenue bonds to assist Hawaiian Electric Company, Inc., Maui Electric Company, Limited, and Hawaii Electric Light Company, Inc. Requires electric utilities to unbundle customer rates and charges to be eligible to receive financing assistance through SPRBs. (SB1214 HD1)  Companion:  HB992  3/27/2015 H Reported from EEP (Stand. Com. Rep. No. 1229) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
3/27/2015 H Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Thielen, Tupola, Ward voting no (3) and Representative(s) Choy, Ing, Lowen, Luke, McKelvey, Pouha excused (6).

thielenContact: repthielen@capitol.hawaii.gov

excerpt from Capitol TV

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