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House committee backs automatic rate-adjustment framework for interisland water carriers
Summary
The House Transportation Committee advanced HB 2386, a measure to allow automatic annual rate adjustments for water carriers tied to a maritime benchmark and capped at 5%, after testimony from carriers, government agencies and food retailers. Committee adopted HD1 and deferred the effective date for further review.
The House Committee on Transportation on Feb. 12 advanced HB 2386, a bill authorizing the Public Utilities Commission to establish an automatic adjustment mechanism for water-carrier rates.
Supporters, including Young Brothers and the Department of Transportation, said the change would modernize a regulatory framework that has not been updated in decades. "This targeted modernization…will help address that gap," said David Beltre, associate general counsel for Young Brothers, describing guardrails that include a scheduled…
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