Hawaiian Electric withdraws request for approval of LNG contract and generation upgrades
News Release from Hawaiian Electric (Translation provided.)
HONOLULU, July 19, 2016 - Following the termination of the proposed merger with NextEra Energy, the Hawaiian Electric Companies today withdrew their applications for approval of a liquefied natural gas contract with Fortis Hawaii Energy Inc, plans to upgrade Kahe Power Plant to use natural gas, and a waiver from competitive bidding to upgrade the plant.
(Now you know what the NextEra fight was all about.)
Because of the resources these specific combined projects required, one condition of the LNG contract was approval of the proposed merger with NextEra Energy. On Monday, NextEra Energy announced it would no longer pursue the merger after the application was dismissed without prejudice by the Hawaii Public Utilities Commission.
(Translation: LNG is too cheap and too clean—the solar and wind scammers can’t compete against it. They need diesel.)
"We're committed to transitioning to 100 percent renewable energy in the most cost-effective way possible while ensuring reliable service. We'll continue to evaluate all options to modernize generation using a cleaner fuel to bring price stability and support adding renewable energy for our customers," said Ron Cox, Hawaiian Electric vice president of power supply.
(All options = Half-baked tax-credit schemes promoted by national Democrat campaign contributors.)
Hawaiian Electric remains focused on the path it has continued to pursue throughout the merger process: To stabilize and reduce energy costs while becoming more innovative, and taking advantage of new technologies to deliver greater customer value and choice.
(Translation: We will keep energy expensive and dirty so they can keep selling you on their scams. Chalk one up for the ‘green’ energy lobby.)
SA: HECO ends contract to bring LNG to Hawaii