HEI’s Flurry of Announcements

I hear there’s somebody out there investigating me; making phone calls and asking questions about me and such.

To that person: Please feel free to call me directly. There’s nothing to hide and I’d be happy to answer any of your questions. Anybody with questions, in fact, I invite you to call me. My cell number is 808 960-1057.

Maybe what we should be investigating is what’s going on over at Hawaiian Electric Industries (HEI).

Since it was announced that Ku‘oko‘a is attempting to buy HEI in order to retire its old, oil-fired plants, the electric utility has issued a flurry of announcements:

1. The Star Advertiser reported an HEI deal with a large, wind farm operation. But it will not result in any oil-fired plants being shut down.

2. It was announced that there will be a large biofuel operation in Ka‘u on the Big Island. Its purpose will be to provide liquid fuel for HECO’s oil-fired plants.

But the EPA just announced that it was revising its 2011 estimate of cellulosic biofuels from 250 million gallons down to only to 6.5 million gallons. All the millions and millions of dollars that have been spent? They have not resulted in a single industrial-scaled production plant.

Maybe those folks in Ka‘u will be the first in the entire U.S. to be successful. We are rooting for them. But they are not farmers; they say they may grow sorghum or guinea grass. Farmers just shake their heads at that.

The real question is, How much will it cost Big Island citizens to subsidize this crop? And for how long would we be subsidizing it?

3. Maybe HEI will soon announce that the 8 MW geothermal contract is done. I thought it would have been done a year ago.

HEI should be putting more geothermal on line faster, rather than slower. They should be aggressively bringing more geothermal on line. They’re wasting valuable time. How come we’ve got this geothermal resource but are not using more of it? We know that if we use more of that cheap geothermal resource, it will really benefit us here in Hawai‘i.

HEI says they are for geothermal, but we know they truly are not, because they cannot shut down their oil-fired plant. They’re trying to make us believe they can and will, but they cannot, because they have to keep their stock value high for shareholders.

It’s why we’re looking for a new model.

Geothermal is the least expensive of all the base power alternatives for electricity, and its costs will be stable for as far to the future as we can see – unlike oil and biofuels, the costs of which will continue to go up.

2 thoughts on “HEI’s Flurry of Announcements”

  1. Richard,

    I do not understand why HEI would resist the buyout by Ku‘oko‘a if it is a benefit to their stockholders. Is management resisting because they are protecting positions even more than profits?

    Please, keep up your great work.

    Mahalo

  2. Thanks for your continuing efforts to make Geothermal a major contributor to Hawaii’s energy pool, Dr. Ha. While I realize you were probably under time and size constraints, I was somewhat surprised to see its potential for hydrogen production for hydrogen fuel cells and ammonia for fertilizer not being highlighted more, as well as Maui’s potential for Geothermal. If sufficient Geothermal resources are available on Maui, while nowhere near as great as the Big Island’s, it would seem that it would be much easier to connect to Lanai’s and/or Molokai’s cable than connecting from Hawaii County.

    RE: the potential of hydrogen fuel cells; with China’s completion and placement in service of one of the world’s first hydrogen fueled trains, wouldn’t it be something if Oahu’s rail system could be fueled by hydrogen fuel cells produced on the Big Island?

Comments are closed.