Performance incentive and penalty mechanisms
HRS §269-16.1
in effect269-16.1. Performance incentive and penalty mechanisms
(a) On or before January 1, 2020, the public utilities commission shall establish performance incentives and penalty mechanisms that directly tie an electric [utility's] revenues to that utility's achievement on performance metrics and break the direct link between allowed revenues and investment levels. The performance incentives and penalty mechanisms, as may be amended by the public utilities commission from time to time, shall apply to the regulation of electric utility rates under section 269-16.
(b) In developing performance incentive and
penalty mechanisms, the public utilities commission's review of electric
utility performance shall consider, but not be limited to, the following:
(1) The economic incentives and cost-recovery
mechanisms described in section 269-6(e);
(2) Volatility and
affordability of electric rates and customer electric bills;
(3) Electric service
reliability;
(4) Customer engagement and
satisfaction, including customer options for managing electricity costs;
(5) Access to utility
system information, including but not limited to public access to electric
system planning data and aggregated customer energy use data and individual
access to granular information about an individual customer's own energy use
data;
(6) Rapid integration of
renewable energy sources, including quality interconnection of customer-sited
resources; and
(7) Timely execution of
competitive procurement, third-party interconnection, and other business
processes.
(c) This section shall not apply to a
member-owned cooperative electric utility.
[L 2018, c 5, §3; am L 2021, c 82, §2]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol05_Ch0261-0319/HRS0269/HRS_0269-0016_0001.htmFetched: 11/10/2026