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Protect ratepayers as HECO evolves


POSTED: 01:30 a.m. HST, Feb 06, 2014

~~<p>Everyone can do the math &mdash; a simplified form of it, anyway &mdash; and see that the numbers don't add up under the current arrangement. Hawaiian Electric Co. and its subsidiaries are racking up reduced sales as customers with the means to do so have bought photovoltaic solar panels to generate their own electricity.</p>
<p>The utility's business model offers few counterstrategies for a diminished revenue stream other than to seek an increase in rates paid by the remaining customer base. So the natural question arises: How is this transition to green energy supposed to work, anyway?</p>
~~

Everyone can do the math — a simplified form of it, anyway — and see that the numbers don't add up under the current arrangement. Hawaiian Electric Co. and its subsidiaries are racking up reduced sales as customers with the means to do so have bought photovoltaic solar panels to generate their own electricity.

The utility's business model offers few counterstrategies for a diminished revenue stream other than to seek an increase in rates paid by the remaining customer base. So the natural question arises: How is this transition to green energy supposed to work, anyway? Login for more...



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