PUC grants transfer of utilities on Lanai to new owner Ellison

By Andrew Gomes

POSTED: 01:30 a.m. HST, Feb 14, 2013

~~<p>The Public Utilities Commission has given final approval to transfer three public utilities on Lanai to the island's new owner, billionaire and Oracle Corp. chief executive Larry Ellison.</p>
<p>The state agency that regulates utilities included several conditions in its approval, which was given last week after an interim but revokable approval that was granted in June to allow Ellison to buy 97 percent of Hawaii's sixth-largest island from fellow billionaire David Murdock of Castle & Cooke Inc.</p>
~~

The Public Utilities Commission has given final approval to transfer three public utilities on Lanai to the island's new owner, billionaire and Oracle Corp. chief executive Larry Ellison.

The state agency that regulates utilities included several conditions in its approval, which was given last week after an interim but revokable approval that was granted in June to allow Ellison to buy 97 percent of Hawaii's sixth-largest island from fellow billionaire David Murdock of Castle & Cooke Inc. Login for more...