Paniolo Power Company, LLC, a subsidiary of Parker Ranch, Inc., filed a motion today to merge two of the most important cases currently before the Hawaii Public Utilities Commission into one docket—the Hawaiian Electric Companies’ (HECO)-NextEra acquisition and the HECO clean energy plan.
The Change of Control docket addresses NextEra Energy, Inc.’s proposed acquisition of the HECO Companies. The PSIP docket addresses HECO’s long-term clean energy strategy and transition plan.
“The issues in both the Change of Control and the PSIP dockets are inextricably linked,” said Jose Dizon, General Manager of Paniolo Power. “HECO’s lack of focus on customer value has led it to continue to use oil-fired power plants, with the associated high fuel prices that are passed on to the ratepayers.”
Understanding the destructive effects of fuel volatility, Dizon added, the PUC in April 2014 issued harsh guidance to the Hawaiian Electric Companies to accelerate power plant retirements and aggressively pursue clean energy sources.
Filed under: Announcements, Economy, Hawaii, Security, State Affairs, Sustainable Living, Technology | Tagged: "Paint the Plane", HECO, Paniolo Power Company | Leave a comment »
