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Saturday, October 25, 2014         

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Hoku Corp. seeks to amend power contract at Idaho plant

By Star-Advertiser Staff

POSTED:



A Honolulu-based company building a polysilicon plant in Idaho said it filed a complaint with regulators today seeking to amend its electric service agreement with Idaho Power Co.

A subsidiary of Hoku Corp. said in the filing that Idaho Power is unfairly charging Hoku about $2 million each month for power not being used at the plant in Pocatello. Idaho Power also is demanding that Hoku pay a $5.8 million security deposit, according to the filing.

Hoku said it has paid a total of more than $11 million to Idaho Power since April 2011 for power it did not consume. Hoku also said it paid a $4 million deposit to Idaho Power.

Hoku is asking the Idaho Public Utilities Commission, among other things, to limit the monthly bills to power it actually consumes, refund some or all of the payments previously made to Idaho Power, and prevent Idaho Power from cutting off electricity to the plant.

"We believe that Hoku is being treated unfairly by Idaho Power, and we are asking the Idaho Public Utilities Commission to help us resolve this inequity," said Scott Paul, chief executive officer of Hoku Corp.






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