HONOLULU, HAWAII – Mufi Hannemann and Les Chang today announced a new energy policy for Hawaii that would contain and ultimately reduce electricity prices.
Hannemann said, “We need a new energy policy that embraces geothermal power, builds an inter-island smart grid and introduces competition into our energy market.”
He went on to say, “While it is the role of a company’s publicly traded board to be responsive to its shareholders, it is the responsibility of the governor to look out for the people of Hawaii.”
Hannemann noted, “Electricity prices in Hawaii are 300% higher than the mainland. This hurts our economy and lowers the standard of living of families and businesses.”
The five main elements of the Hannemann/Chang plan are:
1. Engage the Community in a discussion of Hawaii’s energy future, particularly those on the Big Island who may be most affected.
2. Create a State Department of Energy, charged with developing and overseeing a new comprehensive energy strategy for Hawaii.
3. Reposition the PUC, expand its mandate, endorse a performance-based rate structure and ensure it has the resources to do its job.
4. Conduct an Independent Review of Geothermal Energy, to evaluate the benefits and costs of developing a major geothermal facility and address health and safety concerns.
READ PRESS RELEASE: PDF Energy Release
READ COMPLETE ENERGY PLATFORM: Energy Platform – Final
HAWAII NEWS NOW COVERAGE: Here