January 2012 - Hawaiian Electric Company-2025

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However, due to the higher costs associated with shipping oil, the average electricity bill in Hawaii tends to be higher compared to the mainland. Hawaii electricity costs are set by the Public Utilities Commission. The rates tend to differ as each island has its own independent electric systems.
NEXTERA ENERGY, INC.
The utility dividend to HEI continues to be suspended, as holding company cash needs are limited following HEIs recent equity issuance and the continued suspension of the dividend to HEIs common equity shareholders.
It was a bold step for the most oil dependent state in the nation for electricity, but ultimately an easy decision because renewable energy technology advances have made clean energy generation cheaper than producing power from fossil fuels in Hawaii.
What makes net metering challenging? For electric utilities, the basic challenge with net metering is policies that require them to pay high costs for what is often low-value power. The reason it is low-value power is you cannot count on it.
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People also ask

Putting geothermal on the big island only supplies electricity to the big island. The big island doesnt have the population to support that type of investment. There is a geothermal plant on the big island but its small. None of the other hawaiian islands have any geothermal activity.
The Commission is compelled because the HECO Companies failed to articulate a sustainable business model in the intervening time period since this directive was set forth by the Commission almost one year ago in Order No. 31288.

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