Vote Smart's Synopsis:

Vote to pass a bill that establishes the Hawaii wildfire relief fund and corporation to provide compensation for property damage from catastrophic wildfires.

Highlights:

• Establishes the Hawaii Wildfire Relief Fund and Corporation to provide compensation for property damage resulting from catastrophic wildfires in the State (Sec. 1). 

• Establishes a process for electric utilities to develop and submit wildfire protection plans to the Public Utilities Commission for approval and allow the recovery of related costs and expenses through securitization, while avoiding a disproportionate impact on a specific ratepayer or county (Sec. 1). 

• Specifies that the appropriation for this act will exceed the state general fund expenditure ceiling for 2024-2025 (Sec. 1).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that establishes the Hawaii wildfire relief fund and corporation to provide compensation for property damage from catastrophic wildfires.

Highlights:

• Establishes the Hawaii Wildfire Relief Fund and Corporation to provide compensation for property damage resulting from catastrophic wildfires in the State (Sec. 1). 

• Establishes a process for electric utilities to develop and submit wildfire protection plans to the Public Utilities Commission for approval and allow the recovery of related costs and expenses through securitization, while avoiding a disproportionate impact on a specific ratepayer or county (Sec. 1). 

• Specifies that the appropriation for this act will exceed the state general fund expenditure ceiling for 2024-2025 (Sec. 1).

Full Bill Text