Relating To Energy. [SB-897]
Allows electric cooperatives to recover wildfire mitigation, repaid, and restoration costs through an automatic rate adjustment or other mechanism. Establishes an aggregate limit for liability for economic damages from covered catastrophic wildfires. Authorizes securitization of certain costs for electric utilities. Establishes a working group to examine the establishment and implementation of a wildfire recovery fund and report its findings and recommendations to the Legislature. Effective 7/1/3000. (HD2)

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Sponsored by: Sen. Dru Kanuha Report Adopted; Referred To The Committee(s) On Fin As Amended In Hd 2 With Representative(s) Alcos Voting Aye With Reservations; Representative(s) Amato, Garcia, Muraoka, Pierick, Shimizu Voting No (5) And Representative(s) Cochran, Garrett, Kapela, Kitagawa, Ward Excused (5). on 03/21/2025