HRS §39A-208
How utility rates must account for special purpose revenue bonds
Read the official text at capitol.hawaii.gov ↗When a public utility uses special purpose revenue bonds, the Public Utilities Commission must set rates so consumers get the maximum benefit from those bonds. In rate cases, the commission must publicly estimate the utility's costs with and without these bonds, and the savings to consumers.
The statute, as written — Treatment of special purpose revenue bonds in regulatory proceedings
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) In the setting of rates to be paid by the consumers of utility services, the public utilities commission shall provide such consumers the maximum benefits derived by the utility from the use of such bonds. (b) For the purpose of public disclosure, the public utilities commission, in every rate proceeding involving a public utility that is regulated by the public utilities commission under chapter 269 and which has utilized special purpose revenue bonds, shall make estimates of: (1) The probable amounts that would have been incurred by the utility as capital costs if financing by means other than special purpose revenue bonds were utilized; (2) The amount the utility pays for such bonds, including the principal and sinking fund requirements, the interest, and other expenses appropriately attributable to special purpose revenue bond financing; and (3) The difference between (1) and (2), or the estimated savings realized by the consumers of the utility services.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.