Hawaiian Electric Discusses Sellling Lāna`i Utility
Hawaiian Electric News Release
Hawaiian Electric is in exploratory discussions with Pūlama Lāna`i about the possible sale of the Lāna`i utility.
Hawaiian Electric was approached by Pūlama Lāna`i about acquiring the assets of the utility after Hawaiian Electric issued a request for proposals (RFP) for renewable energy projects on Lāna`i. The exploratory talks are in the preliminary stages.
Representatives of the privately held company said it was already working to develop a plan that would increase the use of renewable energy and lower electricity bills for the island’s 3,000 residents. It approached the utility as part of its long-term sustainability plans for the island, which is almost entirely owned by entrepreneur Larry Ellison and managed by Pūlama Lāna`i.…