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Paniolo Power Files Motion to Consolidate Merger, PSIP Dockets

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.

Paniolo Power Company

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.

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HECO and Khosla Ventures Very Strange Duo or Is It?

HECO on Tuesday announced an agreement with a clean tech venture capital firm in California to test new “green” technologies.

HECO said it will help test emerging clean technologies being developed by startups backed by Khosla Ventures of Menlo Park, Calif…

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Vinod Khosla

Vinod Khosla

The choice of Khosla Ventures is a bit curious to me.

VC Ratings blog provides a list of 26 renewable energy startups that Vinod Khosla’sKhosla Ventures’ has invested in. He is well known for his investments in biofuel related companies, but the list reveals a much broader scope. Many, if not most, of these companies have a long way to go before they pay off, and some will not make it, but it interesting to see what he is doing. Here are the categories he uses and the specific companies (except for 5 that he labeled as stealth) that he has invested in.

From The Energy Blog (April 4, 2007)