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by Jeff St. John
June 06, 2019

The Hawaii Public Utilities Commission recently approved the first big decision in its legislatively mandated task of creating a performance-based ratemaking framework for the state’s big investor-owned utility, Hawaiian Electric Industries.  

The first phase involved hashing out just what performance-based rates, tariffs and other regulatory mechanisms are most critical for the island state’s efforts to reach 100 percent renewable energy by 2045.

The next phase, set to begin soon, will be the part that actually creates the dollars-and-cents structures to enforce these imperatives. 

If Hawaii succeeds, "they're going to set the standard," says Fei Wang, Wood Mackenzie Power & Renewables analyst.