HONOLULU, April 29, 2014 – The following is a statement from Dick Rosenblum, president and CEO, Hawaiian Electric Company:
The PUC issued a comprehensive set of energy policies and guidelines. In this challenging, fast-changing energy environment, we welcome the PUC’s clear direction and roadmap. We’ve been working on many of these initiatives, and these directives confirm the energy policy priorities that will guide our strategies and implementation.
We have many of the building blocks already in place, including our grid modernization work, the initial phase of our smart grid project, and our progress in renewable energy – now at more than 18 percent. We’ve begun deactivating older fossil fuel plants, such as Honolulu Power Plant and others on Maui and Hawaii Island. And we’re taking other steps to lower costs to customers, such as use of low- cost liquefied natural gas as a transition fuel.
We understand the importance of moving quickly and see this as an unprecedented opportunity to move aggressively on a shared vision for the utility of the future and on our role in meeting the needs of our customers.
We look forward to working with the PUC and the Hawaii State Energy Office as we move forward to develop and execute these comprehensive plans.