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Committees approve automatic wharfage index (WIKI) with guardrails and seven-year sunset
Summary
Lawmakers voted to pass HB 2386 HD2 with amendments adopting the PUC's proposed language and a seven-year sunset; supporters said the WIKI mechanism prevents disruptive rate lag and includes caps and a mandatory three-year full rate review, while food-industry groups warned of consumer cost impacts.
The Senate committees recommended passing HB 2386 HD2 with amendments that adopt the Public Utilities Commission’s proposed language, include a seven-year sunset and preserve mandatory full rate reviews every three years.
Why it matters: HB 2386 creates an automatic adjustment mechanism (WIKI) for water-carrier rates to allow interisland carriers like Young Brothers to make predictable, limited annual adjustments tied to an index (for example,…
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