Achieving portfolio standard
HRS §269-93
in effect269-93. Achieving portfolio standard
(a) An electric utility company and its electric utility affiliates may aggregate their renewable portfolios to achieve the renewable portfolio standard.
(b) If an electric utility company and its
electric utility affiliates aggregate their renewable portfolios to achieve the
renewable portfolio standard, the public utilities commission may distribute,
apportion, or allocate the costs and expenses of all or any portion of the
respective renewable portfolios among the electric utility company, its
electric utility affiliates, and their respective ratepayers, as is reasonable
under the circumstances.
(c) An electric utility company may recover,
through an automatic rate adjustment clause, the electric utility company's
revenue requirement resulting from the distribution, apportionment, or
allocation of the costs and expenses of the renewable portfolios of the
electric utility company and its electric utility affiliates.
(d) To provide for timely recovery of the
revenue requirement under subsection (c), the commission may establish a
separate automatic rate adjustment clause, or approve the use of a previously
approved automatic rate adjustment clause, without a rate case filing. The use
of the automatic rate adjustment clause to recover the revenue requirement
shall be allowed to continue until the revenue requirement is incorporated in
rates in the respective electric utility company's rate case.
[L 2001, c 272,
§4; am L 2011, c 69, §4]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol05_Ch0261-0319/HRS0269/HRS_0269-0093.htmFetched: 11/10/2026