Authorizes 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. Authorizes the Public Utilities Commissions to waive or exempt any water carrier from any requirement under the Hawaii Water Carrier Act. Sunsets 7/1/2033. Effective 7/1/2050. (SD1)

Statutes affected:
SB2694: 271G-5, 271G-17
SB2694 SD1: 271G-5, 271G-17