Pacific Business News, May 19, 2016
Article by Duane Shimogawa
Hu Honua Bioenergy LLC, the developer of a $225 million biomass plant on the Big Island of Hawaii that is about 50 percent complete, is asking state regulators to investigate a Hawaiian Electric Co. subsidiary’s attempts to cancel the power purchase agreement with the two companies, Hu Honua said Thursday.
In March, Hawaii Electric Light Co. terminated its power purchase agreement with Hu Honua Bioenergy, developer of the 21.5-megawatt plant, after it missed several deadlines that were part of the agreement between the two companies.
Hu Honua is asking the Hawaii Public Utilities Commission to investigate HELCO and HECO for “refusal over the past 14 months to provide Hu Honua with reasonable milestone extensions to construct its plant, their improper attempt to terminate Hu Honua’s commission-approved agreement, which will deprive ratepayers of renewable power de-linked from volatile fossil fuel prices and claims that Hu Honua’s proposed pricing concessions provide no benefit to consumers, despite failing to provide any analysis, explanation or facts to support those claims.”