Energy Informational Briefing House Committee on Energy & Environmental Protection and the Senate Committee on Energy and Environment UPDATE ON ENERGY INITIATIVES Public Utilities Commission State of Hawaii Carlito P. Caliboso Chairman January 22, 2009
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Energy Informational BriefingHouse Committee on Energy & Environmental Protection
and the Senate Committee on Energy and Environment
UPDATE ON ENERGY INITIATIVES
Public Utilities CommissionState of HawaiiCarlito P. Caliboso
Chairman
January 22, 2009
Commission Regulatory Authority
• General supervisory power over public utilities under Chapter 269, HRS. HRS §269-6(a).
• “The public utilities commission may consider the need for increased renewable energy use in exercising its authority under this chapter.” HRS §269-6(b). Act 177 (SLH 2007).
Traditional Regulatory Objectives, Ch. 269 HRS
• Reliable Electricity Service
• Just and Reasonable Electricity Rates
• Fair Opportunity to Earn Reasonable Rate of Return
OIL PRICES (WTI)
40
50
60
70
80
90
100
110
120
130
140
Jan-
07
Feb-
07
Mar-
07
Apr-
07
May-
07
Jun-
07
Jul-
07
Aug-
07
Sep-
07
Oct-
07
Nov-
07
Dec-
07
Jan-
08
Feb-
08
Mar-
08
Apr-
08
May-
08
Jun-
08
Jul-
08
Aug-
08
Sep-
08
Oct-
08
Nov-
08
Dec-
08
Jan-
09
Data Source: U.S. DOE Energy Information Administration