Transcript Highlights:

• </c> to implement these PEDM rate increases? to implement these PEDM rate increases?
• The statute doesn't rate increases.
• </c> require you to find the rate increases. require you to find the rate increases.
• </c> do these rate increases. do these rate increases.
• </c> the national rate of child malreatment. the national rate of child malreatment.

Keywords: 0:16 – CALL TO ORDER 0:20 – ROLL CALL 0:56 – ELECTION OF CO-CHAIRS 1:54 – APPROVAL OF MINUTES 2:10 – OFFICE OF THE ATTORNEY GENERAL 3:28 – PERSONNEL BOARD 4:30 – EDUCATION AND LABOR CABINET, BOARD OF EDUCATION, DEPARTMENT OF EDUCATION 5:18 – PUBLIC PROTECTION CABINET, OFFICE OF CLAIMS & APPEALS 12:03 – PUBLIC PROTECTION CABINET, DEPARTMENT OF ALCOHOLIC BEVERAGE CONTROL 12:54 – CABINET FOR HEALTH AND FAMILY SERVICES, DEPARTMENT FOR MEDICAID SERVICES 14:54 – CABINET FOR HEALTH AND FAMILY SERVICES, DEPARTMENT FOR COMMUNITY-BASED SERVICES 31:44 – NEXT MEETING ANNOUNCEMENT/ADJOURNMENT, 958, all

Summary: The Administrative Regulation Review Subcommittee met to reorganize its leadership for the new term, renewing Representative Derek Lewis as House co-chair and Senator Steven West as Senate co-chair. The committee then approved the minutes and moved through a series of agency regulations, generally adopting staff-suggested amendments without objection. Among the regulations reviewed were an Attorney General rule changing how a commission reviews and distributes funds and how grant reporting is handled; Personnel Board changes abolishing and renaming certain job classifications and adjusting probationary periods; an Education and Labor Cabinet rule removing references to local board of education members; several Public Protection Cabinet rules covering Board of Claims and Crime Victims’ Compensation procedures; an Alcoholic Beverage Control rule on direct-to-consumer shipping forms; and a Medicaid Services emergency regulation establishing the Kentucky Trauma Hospital Rate Improvement Program for rural hospitals serving many Medicaid patients. The committee also heard that the Board of Claims and Crime Victims’ Compensation regulations included both staff and, in one case, an agency amendment, which were approved. The most extended discussion came on the Department for Community Based Services’ regulation increasing per diem rates for private child-placing therapeutic foster care levels 2 and 3. Committee members questioned the estimated $10 million biennial cost, the source of the funding, and why the cabinet had not yet filed regulations implementing Senate Bill 151 on kinship care. DCBS staff said the rate increase was discretionary and intended to address placement crises for children with high needs, while acknowledging they could not personally explain the budget decisions. A kinship caregiver testified in support of the rate increase but urged the cabinet to also implement SB 151 and expand support for kinship families. The committee expressed frustration over the lack of SB 151 implementation but stated the rate increase itself was appropriate and allowed the regulation to proceed.

Transcript Highlights:

• So, the compensating rates are equal to the GRT rates for local governments.
• The rate was 12%.
• a lower rate and higher income individuals at a higher rate.
• Rate is preferred to a narrow tax base with a high rate.
• Interest rates are high.

Transcript Highlights:

• </c><00:19:02.480><c> what</c><00:19:02.679><c> rate</c> improving the credit rating what rate improving
• in credit rating what the impact<00:19:11.280><c> of</c><00:19:11.440><c> rate</c><00:19:11.640><c>
• </c><00:19:17.039><c> without</c> borrowed at a higher rate without borrowed at a higher rate without
• </c> securitization what the impact to rate securitization what the impact to rate payers<00:19:20.320
• just and reasonable rates.

Keywords: 910, house, all

Summary: The committee on Energy and Environmental Protection heard testimony on Senate Bill 897, which would create a Wildlife Liability Trust Fund within DCCA for administrative purposes. The chair opened by noting the hearing had to end by noon because of floor session, and that written testimony would be considered if not all witnesses could speak. Testimony included support from DCCA, the Attorney General’s office, the Public Utilities Commission, Charter Communications, Ulupono Initiative, AES Hawaii, Hawaiian Electric, Clearway Energy Group, Kauai Island Utility Cooperative, Hawaiian Telcom, and IBW Local 1260, with opposition or concerns from the Hawaii Association for Justice and some others. Hawaiian Electric strongly supported the bill and asked for amendments, saying the fund would help address wildfire liability, protect customers and the economy, and support restoration of investment-grade credit; it also proposed a larger shareholder contribution and said the bill was part of a broader effort to raise settlement funds and improve grid safety and resiliency. Committee members focused heavily on whether the bill would actually lower costs for ratepayers and improve credit ratings. DCCA said there was a nexus between limiting liability, creating a sufficiently large wildfire fund, and transparent mitigation requirements, but acknowledged there was no guarantee of a credit-rating improvement or precise estimate of rate impacts. Members questioned Hawaiian Electric about the assumptions in its cost comparisons, the 30-year securitization structure, and whether funding could be shifted later to shareholders after credit was restored. Hawaiian Electric responded that the bill assumes the fund is paid through securitization, that removing that presumption could undermine the credit-rating benefit, and that its models suggest credit-spread savings could offset the customer charge over time; it also said it would follow up with additional analysis. The company and Ulupono both described the measure as a difficult but potentially necessary way to socialize wildfire risk and avoid a larger crisis later. The Hawaii Association for Justice opposed the bill’s liability caps and raised concerns about consumer rights, oversight discretion, statute-of-limitations changes, and evidence rules. Hawaiian Telcom suggested amendments to clarify compliance with FCC pole-attachment agreements. No vote or final action was taken during the portion of the hearing provided, and members indicated they wanted more analysis before being comfortable with the bill’s long-term ratepayer impacts.

Transcript Highlights:

• It's our rates; I'll get into that shortly, but our rates are some of the lowest in the state.
• And then turning to economic and rate benefits...
• And remember, when we charge those customers retail rates, embedded in those retail rates is the cost
• When you mean the rate of return, are you talking to our rate of return or the refunds that we would
• And that rate of return is based on the authorized rate of return that the PUC determines in a proceeding

Keywords: 988, house, all

Transcript Highlights:

• </c> rate cuts by the end of uh fiscal 27 Q2. rate cuts by the end of uh fiscal 27 Q2.
• </c> wages and salary solid growth rates. wages and salary solid growth rates.
• tax rate world.
• Um, you know we broke the $2 billion... our rates above 10 and the average rate our rates above 10 and
• Uh the rate has already been tax rates.

Keywords: 958, all

Summary: The meeting focused on preliminary fiscal 2026 revenue estimates and the governor’s office request for an official revision to fiscal 2026, with members reminded that any estimate adopted now would not bind the December official estimates. Staff from S&P Global walked through three forecast scenarios—control, optimistic, and pessimistic—based on recent federal tax changes, tariffs, and other policy developments, emphasizing that the outlook remains highly uncertain. Under the control scenario, the presentation projected below-trend real GDP growth of 1.8% in fiscal 2026, slowing to 1.5% by fiscal 2028, with unemployment peaking around 4.5% and the Federal Reserve cutting rates three times to a long-run range of about 2.75% to 3%. The optimistic scenario assumed lower effective tariffs, stronger growth, and better labor and housing outcomes, while the pessimistic scenario assumed a broader trade war, higher effective tariffs, faster deportations, weaker employment and consumer spending, and unemployment rising to about 6.3%. Speakers also noted that the forecast was prepared before later BLS revisions and that recent data on inventories and AI-related investment made the recent quarters look unusually volatile. Members discussed how the current fiscal 2026 outlook compared with earlier assumptions and noted that the eventual revenue revision may be smaller than the spread between the optimistic and pessimistic economic scenarios. The governor’s office and committee members also reviewed sector-specific impacts, including manufacturing, housing, light vehicle production, exports, and consumer sentiment, with particular concern about Kentucky’s auto and housing-related industries. No votes or formal actions were taken in the portion provided.

Transcript Highlights:

• We're buying down rates.
• rates to be just and reasonable.
• by having lower rates.
• Two rates, too, right? Thank you. Thank you. Okay, thank you very much. Two rates. Thank you.
• sort of rate study at all.

Bills: HB2042, HB2052, HB2055, HB2056, HB2094, HB2098, HB2185, HB2328, HB2758, HB2798

Keywords: solar radiation management, environment, prohibition, Arizona Revised Statutes, public health, complaint process, Attorney General, groundwater management, water conservation, irrigation, water supply, brackish groundwater, water supply development, desalination, water infrastructure, financial assistance, environmental reviews, brackish water, groundwater, water resources

Transcript Highlights:

• In this chart, we show the federal funds rate and the 30-year fixed mortgage rates.
• The federal funds rate and other interest rates, like the 30-year fixed mortgage rate, are closely but
• Mortgage rates and other long-term rates also respond to lenders' inflation expectations.
• </c> mortgage rates and other long-term rates mortgage rates and other long-term rates also<00:14:37.480
• or a delayed lowering of rates.

Keywords: 1187, senate, all

Transcript Highlights:

• the implementation of the alternative methodology-based rate system.
• First, provide an interim rate reform adjustment to the existing RMR rates table, or the regional market
• rates table, as a percentage increase to each rate beginning January 1 of the budget year.
• Second, provide an interim rate reform adjustment to the SRR, or standard reimbursement rate, beginning
• rate.

Summary: The committee took up issue number seven, Child Care Rate Reform Transition Plan, and heard a presentation from the LAO on an eight-part transition plan for the period before implementation of the alternative methodology-based child care rate system. The plan would provide interim rate increases to existing regional market rates and standard reimbursement rates beginning January 1 of the budget year, keep the higher of SRR or ARMR as the single rate, annualize cost-of-care supplements, update hold-harmless language, eliminate the private market cap, authorize one-time systems transition funding with JLBC approval, and require annual reporting on parent co-pays. Members asked about the timeline and public/legislative feedback process, and administration staff said they were working toward the July 1, 2025 deadline while continuing stakeholder engagement through the rate and quality advisory process. Public comment was overwhelmingly focused on child care and early learning funding. Providers, county offices, advocacy groups, and education organizations urged the Legislature to move quickly on the alternative rate methodology, provide interim relief through a cost-of-living adjustment, reimburse based on enrollment rather than attendance, and preserve health and retirement benefits and workforce stability. Many speakers also pressed for funding to expand the promised 200,000 child care slots, warning that waitlists remain long and providers are under financial strain. Several commenters supported maintaining or extending grants and technical assistance for transitional kindergarten, inclusive early education, and mixed-delivery early learning programs. A separate set of comments addressed the Inclusive Early Education Expansion Program, with Sacramento County education officials and others urging a statewide plan that would extend support to the 20 counties not currently receiving grants, especially rural areas. Other speakers raised concerns about facilities and staffing impacts from TK expansion, the need for consistent eligibility rules across subsidized programs, and the importance of statewide systems-level funding. The chair thanked the LAO, administration, and public commenters, said the item would remain open until after the May Revision, and adjourned the meeting.

Transcript Highlights:

• So market rate survey...
• Can you tell us what the current rate, the current market rate is?
• So we set our school readiness assistance rates at 75% of the market rate survey. Right.
• of care versus market rates?
• What is the rate of pay?

Summary: The Early Childhood Committee met to receive an update from the Office of Early Childhood on Arkansas child care and early learning programs. Committee members discussed the state’s child care crisis, including reported economic losses from lack of access, the need to track access, affordability, workforce shortages, rural and infant/toddler care gaps, and the role of local leads in identifying needs across the state. The committee also approved the February 17 minutes. Office of Early Childhood staff explained their responsibilities under the LEARNS Act, including kindergarten readiness, provider quality, and access to affordable seats. They reviewed licensing, quality efforts, and the two main funding streams: School Readiness Assistance (SRA), a federally funded voucher program serving about 14,600 children with a wait list of more than 3,000, and Arkansas Better Chance (ABC), a state-funded program serving about 23,000 children, with approval to increase to 24,000 slots. Members asked about the difference between market rate surveys and cost analyses, and staff said the office is procuring both, with results expected by the end of the year. Several members raised concerns about funding levels, especially that ABC reimbursement has not kept pace with K-12 funding increases and that child care reimbursement remains below the true cost of care. Staff said ABC requires certified teachers and lower ratios than SRA, but pays less, and that some federal pre-K slots were moved into ABC to preserve continuity of care. They also explained that SRA eligibility changes, including a higher work requirement and ending a child care worker eligibility category, were made to reduce spending and serve families on the wait list. The committee discussed communication with providers and parents, technical assistance for centers, and possible future legislative action to stabilize providers and expand access, but no votes or formal actions were taken beyond approving the minutes and adjournment.

Transcript Highlights:

• </c> to start the process to say these rates to start the process to say these rates are<00:31:12.159
• the state plan rate for therapies.
• the state plan rate for therapies.
• state plan rate for therapies.
• rate for therapies.

Keywords: 958, all

Summary: The Senate Standing Committee on Health Services heard Senate Bill 18, a bill described by the sponsor and podiatry witnesses as a modernization of Kentucky’s podiatry laws. The bill would recognize and regulate podiatric assistants, podiatric residents, and supervising podiatrists; allow podiatrists to supervise physician assistants in podiatry practices with approval from the relevant licensing boards; require new podiatrists licensed after January 1, 2027 to complete at least two years of residency; and extend disciplinary authority to the new categories. Witnesses said the measure would improve access to foot and ankle care, especially in rural areas, without expanding scope of practice. The Kentucky Medical Association was said to be neutral after working on the language with the sponsors. Committee members raised concerns about the meaning of “supervision,” whether it required direct or indirect oversight, and whether the bill could broaden billing or coding privileges. Dr. Roberts said supervision could mean direct supervision or indirect supervision, including being available by telephone, and noted the bill mirrors language used in allopathic PA supervision. He also said the bill would not change office staff billing roles and that podiatric assistants would not bill separately. Several senators said they supported moving the bill forward but remained concerned about workforce, cost, and scope creep. The committee adopted a committee substitute, then voted on the bill. The motion passed unanimously with favorable expression. After the vote, the committee moved on to a presentation on outpatient pediatric therapies, where providers described Medicaid reimbursement pressures, workforce turnover, and long waiting lists for children’s therapy services, but no action was taken on that presentation in the portion provided.

Transcript Highlights:

• Federal funds rate has been coming down.
• lower rates.
• The current rate is 6.5 percent. So we don't have interest rates holding back housing.
• The current rate is 6.5%. So we don't have interest rates holding back housing. We have price.
• and fertility rates.

Summary: The Finance Advisory Committee met for its January session to review Arizona revenue and economic conditions ahead of the budget process. JLBC staff presented the January baseline, noting projected positive cash balances through FY 2029 and about $577 million to $578 million in discretionary capacity, but also highlighting major unfunded items not included in the baseline, including federal tax conformity costs, ongoing one-time spending for state employee health insurance and school facility repairs, and administrative costs tied to H.R. 1. Staff also reviewed revenue trends by category, saying FY26 general fund revenues were running above forecast overall, with strength in retail, restaurants and bars, and individual income tax payments, while contracting and utility-related collections were weaker or flat. They also compared JLBC and executive revenue assumptions and discussed the executive’s proposed revenue changes, including border reimbursement assumptions, sports betting tax changes, data center-related tax and fee proposals, and other non-general fund measures. A major topic was income tax conformity with recent federal tax law changes. Staff explained that current Department of Revenue forms assume “straight conformity,” but the governor’s proposal and vetoed SB 1106 do not fully match those forms, creating possible amendment and timing issues for taxpayers and the department if the legislature adopts a different policy. Members also discussed the difficulty of forecasting revenues amid volatile monthly collections and uncertainty over how much of the current revenue strength will persist in the second half of the fiscal year. Danny Court of Elliott Pollack gave a broader national and state economic outlook, arguing that the U.S. has avoided recession despite several warning indicators, largely because of AI and data center investment, while employment growth has softened and inflation remains above the Fed’s target. He said Arizona remains relatively resilient, with strong population and job pipelines, but faces housing affordability constraints, slowing employment growth, and a more concentrated population forecast in the Phoenix area. Panelists generally agreed that Arizona remains in better shape than many states, though they cautioned that job growth is slowing, population estimates may be revised, and budget and revenue forecasts should be treated carefully given uncertainty in the data. No votes or formal actions were taken.

Transcript Highlights:

• increases that Delmarva Power can recover in rates from customers, which will control future rate increases
• So these are distribution rates.
• While we understand the goal of fair utility rates, this legislation goes well beyond rate transparency
• While we understand the goal of fair utility rates, this legislation goes well beyond rate transparency
• It inserted. utility rates, this legislation goes well beyond rate transparency.

Bills: SB287

Keywords: solid waste, recycling, universal recycling, single-stream recycling, multifamily housing, apartment recycling, commercial recycling, waste diversion, recycling grants, low-interest loans, Delaware Recycling Fund, Delaware Solid Waste Authority, DNREC, waste hauler, curbside recycling, yard waste, source-separated recycling, pay-as-you-throw, extended producer responsibility, waste bans

Summary: The House Natural Resources and Energy Committee met and considered three Senate bills. SB 287 with Senate Amendment 2, a DNREC cleanup bill on recycling, would tighten recycling collection rules for haulers and commercial generators, require multifamily recycling education, repurpose the Delaware Recycling Fund, and add annual reporting; after brief questions and no public comment, the committee motion to release did not initially receive enough votes, so the bill was circulated for signatures. SB 346, which would speed Environmental Appeals Board hearing and decision timelines so DNREC secretary decisions become final if deadlines are missed, drew support from the Nature Conservancy and also failed to get enough votes at the meeting, so it too was circulated for signatures. The committee then took up SB 326, a major utility-regulation bill sponsored by Senator Hanson and Representative Heffernan that would cap certain non-mandatory utility spending, limit interim rates, increase oversight and transparency, and streamline rate-setting. SB 326 generated extensive testimony and debate. Supporters, including the Public Advocate, Sierra Club, PSC staff, and some legislators, argued that Delmarva Power’s spending on non-mandatory infrastructure has risen far faster than inflation, that the company is a regulated monopoly, and that the bill would help restrain future delivery-rate increases without harming reliability because mandatory reliability, storm response, and vegetation management spending would remain allowed. Opponents, including Delmarva Power, business groups, contractors, labor representatives, and the Delaware Contractors Association, argued the cap would delay needed reliability and capacity projects, hurt economic development, reduce jobs, and interfere with utility planning; they also said supply costs, not distribution spending, are the main driver of recent bill increases. After public comment and additional questioning, the committee voted to release SB 326 on a split roll call, but because several members were absent the bill was also walked for additional signatures. The committee then adjourned.

Transcript Highlights:

• Those rates above the orange line indicate a very long downtrend in rates.
• to the bottoming in 10-year rates, where we had a lower rate of inflation of about one and a half percent
• He's raising interest rates.
• The yield curve starts at lower rates and sort of rises and flattens a little bit out to longer rates
• long-term rates.

Transcript Highlights:

• Managed care base rate growth increases both in enrollment and just the rate increases—just base managed
• care rates—$2.7 billion General Fund.
• And for outpatient hospital services, the Medi-Cal managed care rates are near Medicare rates.
• So, you know, as we just described, we increased some of these rates to Medicare rates for inpatient
• or exceeding Medicare rates, with some even approaching average commercial rates.

Keywords: 987, senate, all

Transcript Highlights:

• Rates or premiums—we use the terms interchangeably; I'm even guilty of this—is rate versus premium.
• So it's the premium we don't control; we control the rate.
• Rates could not be raised quick enough to accommodate the rate need at the time.
• It lowers their insurance rates in some cases dramatically.
• filing, which gummed up any kind of rate changes.

Summary: The Senate Committee on Banking and Insurance convened with a quorum present, and Commissioner Michael Yaworsky of the Office of Insurance Regulation delivered a broad update on Florida’s property insurance market. He outlined the division of responsibilities between OIR and the Department of Financial Services, then reported market indicators including 7.61 million residential policies in force, an average premium of $2,755, 1.5 million Citizens takeout approvals, and recent negative trends in homeowners rate requests. He credited recent legislative reforms, especially tort reform and the Insurer Accountability Act, with improving market stability, increasing competition, and allowing the office to conduct more examinations and investigations, recover consumer restitution, and fine insurers for misconduct tied to recent hurricanes. Yaworsky emphasized that Citizens Property Insurance has been rapidly depopulating from its 2022 peak and may fall below 300,000 policies, while cautioning that over-depopulation could create residual-market risks and assessments if a major storm hits. He also discussed the distinction between admitted and surplus lines markets, the role of reinsurance in Florida pricing, and the effect of inflation on total insured values and premiums. He said Florida has seen comparatively modest property rate increases relative to other states and noted that recent hurricanes did not produce the kind of rate spikes seen in prior years, which he attributed to a more stable market and reduced fraud and litigation pressure. In response to a question from Senator Martin, Yaworsky explained that California’s wildfire crisis and regulatory structure are not a direct one-to-one comparison for Florida, but that California’s market problems can affect global reinsurance capacity and serve as a cautionary example of regulatory missteps. He also highlighted a recent Progressive auto insurance excess-profits refund of about $1 billion to policyholders, discussed possible federal changes to the National Flood Insurance Program, and urged greater home resiliency and code-plus adoption. The commissioner closed by calling for clearer consumer disclosures and responsible oversight of AI use in insurance filings. No bills were considered and no votes were taken; Senator Hooper moved to adjourn, and the committee adjourned without objection.

Transcript Highlights:

• the rates to be paid to the CDE.
• The rate-setting board must attempt to determine a CDE administrative rate and a labor rate.
• When individual provider rates change, the agency provider rates must also change so that home care workers
• , the CDE administrative rate cannot be more than 20% of the sum of the total of the CDE labor rate and
• the CDE administrative rate.

Summary: The committee first met in executive session and advanced Senate Bills 6102 and 6103 with due-pass recommendations to the Rules Committee, and referred Senate Bill 6194 to the Ways and Means Committee without recommendation. SB 6102 would align the Ambulance Transport Fund quality assurance fee with federal regulations, SB 6103 would make payments for rural emergency hospital services subject to appropriation, and SB 6194 would allow cost-based Medicaid payments for rural hospitals on federally recognized Indian reservations under specified conditions. The committee then held public hearings on several bills. SB 6183 would require health plans, beginning in 2027, to cover FDA-approved HIV antiviral drugs without prior authorization, step therapy, or other utilization management, with one therapeutic-equivalent exception for prevention drugs. The prime sponsor and one testifier supported the bill as a way to reduce barriers to timely HIV treatment and prevention; sign-in testimony showed 53 pro, 58 con, and one other. SB 5985 would create an online endometriosis resource center, require Department of Health training modules, and direct OSPI to include menstrual health and endometriosis awareness in school standards. The sponsor and multiple patients and clinicians testified in support, emphasizing long diagnostic delays and the need for earlier education; sign-in testimony showed 36 pro, 56 con, and 92 not testifying. SB 6019 would revise home care rate statutes to clarify how Medicaid home care agency rates are set, cap administrative portions at 20%, and require verification that funds are spent as required. The sponsor, labor, and provider representatives supported it as a technical fix to preserve pay parity, while sign-in testimony showed 46 pro and 57 con. SB 6161 would direct the Department of Health to include dementia risk-reduction information in public and provider materials when appropriate and to consult experts; supporters said it could help reduce cognitive decline and align with the state Alzheimer’s plan, while sign-in testimony showed 61 pro and 62 con. Finally, SB 6210 would authorize the Health Benefit Exchange to add a new certification criterion for marketplace plans to address affordability and access, including possible requirements tied to county availability, plan differentiation, and metal-level offerings. The prime sponsor, the Exchange, AARP, and patient advocates supported it as a response to rising premiums and limited choices, especially in rural or single-carrier counties; insurers, brokers, and some carriers opposed it, warning it could reduce competition, create uncertainty, and raise costs. The Office of the Insurance Commissioner supported the bill with a requested amendment to avoid premature disclosure of proposed rates.

Transcript Highlights:

• rate increase that um with this rate rate increase that they<00:31:22.000><c> just</c><00:31:22.559>
• as a rate case.
• And these rate cases are a rate case.
• </c> rates every third year. rates every third year.
• </c> and you know adjust your rates. and you know adjust your rates.

Keywords: 910, house, all

Summary: The committee heard SB 2694 SD2, which would authorize the Public Utilities Commission to create automatic adjustment mechanisms for water carriers, including a water carrier inflationary cost index, and to waive certain requirements under the Hawaii Water Carrier Act. Testimony was sharply divided. The Department of Transportation, Young Brothers, and several shipping, harbor, labor, and business-related supporters argued the bill would modernize regulation, reduce the need for large catch-up rate cases, and help keep rates aligned with rising costs. Young Brothers said its current rate-setting process is expensive and delayed, and that annual adjustments with guardrails such as a 5% cap and periodic full reviews would support sustainable operations and the state’s supply chain. Some supporters also said the company’s less-than-container-load service and required inter-island routes create costs that are not fully covered by current rates. Opponents, including the Consumer Advocate, the Maui Chamber of Commerce, Hawaii Food Industry Association, restaurant and chamber groups, and other businesses, argued the bill would lead to higher costs for consumers and businesses and should not move forward. Several testified that shipping costs already significantly affect pricing and that automatic increases would worsen the cost of living. The Consumer Advocate said Young Brothers should focus on cost control and implementing its business plan rather than automatic rate increases. The Maui Chamber and others pointed to a recent PUC decision that imposed a two-year stay on rate increases and said the bill would undermine that protection. Some opponents urged the committee to defer to the PUC’s regulatory authority. The PUC explained that it regulates water carriers as public utilities under existing statute and said it had recently approved a temporary rate increase while imposing a two-year stayout period on further increases, with emergency relief still possible. PUC members said they were still examining whether they have authority to adopt the proposed WICI mechanism by rule and wanted legislative clarity. In response to questions, the PUC said it prefers the current two-year stayout as reflected in its order. Young Brothers also clarified that it serves less-than-container-load cargo, that some routes and services are cross-subsidized because they are not profitable, and that an independent observer is being put in place to monitor implementation of its updated business plan. The transcript ended with the committee still taking questions; no final vote or disposition on the bill was shown.

Transcript Highlights:

• Our strong credit rating of triple A, which is the highest possible credit rating that the rating agencies
• that the rating possible credit rating that the rating agencies<00:42:07.880><c> can</c><00:42:08.040
• </c><00:55:05.760><c> the</c> rating agencies do continue to rate the rating agencies do continue to
• on those ratings.
• back from those the AAA um ratings back from those rating rating rating agencies<01:26:42.600><c> oh

Keywords: 1187, senate, all

Transcript Highlights:

• We're not as involved with the rates, rate settings, or with premiums.
• Um whether or not the unemployment<02:12:41.840><c> rate</c> unemployment rate unemployment rate itself
• . rate. rate.
• Because, like you said, if the unemployment rate is not actual employment rate or unemployment rate for
• </c> actual employment rate or unemployment actual employment rate or unemployment rate<02:33:30.479>

Keywords: 1189, house, all

Transcript Highlights:

• within the rate study.
• Eight of the nine SUD rates were identified as needing a rate increase.
• within the rate study.
• Eight of the nine SUD rates were identified as needing a rate increase.
• </c><01:24:49.280><c> to</c><01:24:49.400><c> be</c> for a rate study waiting for rates to be for a rate

Keywords: 1183, house