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NSTIFICATION SHEET <br />PROPOSER: Hawaii State Association of Counties <br />TITLE: A BILL FOR AN ACT RELATING TO THE PUBLIC <br />UTILITIES COMMISSION <br />PURPOSE: To increase the renewable energy portfolio standard of <br />each electric utility company to 10 % by 2010, 20% by 2015, 30% <br />by 2020, and 60% by 2030, and to decouple compensation rates. <br />MEANS: Amends Section 269-92, of the Hawaii Revised Statutes, adds a <br />new sub-section (4) in Section (a), and creates a new Section (e). <br />JiJSTIFICATION: This measure will help the State to reach its goal of energy <br />Sustainability sooner while reducing the cost of energy to residents <br />and business. Hawaii is in a unique position of having unfettered <br />and consistent access to wind, solar, water and geothermal <br />resources. We must utilize the technology that is available and <br />begin an aggressive program of increasing use of alternative <br />sources of energy and decrease our dependency on fossil fuels. <br />This measure will also decouple compensation rates paid for <br />renewable energy sources to independent power producers from <br />the avoided costs ofnon-renewable sources such as oil or other <br />non-renewables. <br />