Guidance to Hawaiian Electric on Renewable Energy Procurement

The Hawaii Public Utilities Commission (“PUC”) issued July 12, 2013 a set of orders: (1) addressing the Final Oahu 200 megawatts (“MW”) Renewable Energy Request For Proposal (“RFP”) by Hawaiian Electric Company, Inc. (“HECO”) and giving specific guidance on changes to the RFP; (2) opening an investigation to determine whether an Oahu-Maui Interisland Transmission System is in the public interest; (3) opening a proceeding to review the progress of a potential Lanai wind project; (4) closing the docket soliciting 50 MW of firm renewable, dispatchable generation for Maui; and (5) closing the docket soliciting 300 MW of firm renewable dispatchable generation for Oahu. The collective effect of these orders is to facilitate the development of a diverse, cost-competitive portfolio of renewable energy projects and utility grid infrastructure improvements that will serve long-term interests of ratepayers.  [News Release]