SB 2694 SD2 HD2 CD1

Requires the Public Utilities Commission to establish automatic adjustment mechanisms to address economic factors sua sponte or on application by a water carrier. Requires the Public Utilities Commission to establish a water carrier inflationary cost index automatic adjustment mechanism. Beginning 7/1/2026, through 6/30/2029, requires the Public Utilities Commission to apply automatic adjustment mechanisms. Beginning 7/1/2029, through 6/30/2033, authorizes the Public Utilities Commission to apply automatic adjustment mechanisms. Authorizes the Public Utilities Commission to waive or exempt any water carrier from any requirement under the Hawaii Water Carrier Act. Sunsets 7/1/2033. (CD1)