Landfill and contaminated storm water discharge by Ko Olina

[seoulja]

Again. I may be a simpleton. But is the grid a private entity or a public one? Like public roads.

[pj737]

Originally Posted by whtviper1

To much solar can overload the grid.

Analysis: Clouds over Hawaii's rooftop solar growth hint at U.S. battle | Reuters

True but HECO had years to implement battery storage systems. It wasn't until the PUC finally got involved and mandated they get their s*** together that they finally put out a call for bids on battery storage systems. HECO is shaking in their booties now that PV going to zap their profitability and force rate increases for all those condo owners that are SOL when it comes to solar. I think the revolution in the solar industry is going to turn fancy all-glass hot-box high rise buildings into massive money sucking machines. Too bad that's the only thing coming up in town. My friend spends $500/mo on electricity just to make his condo livable during the day. It's so hot that it actually retains the heat well into the night.

[pj737]

Originally Posted by seoulja

Again. I may be a simpleton. But is the grid a private entity or a public one? Like public roads.

Private company, publicly traded under the HEI umbrella.

[seoulja]

Originally Posted by pj737

Private company, publicly traded under the HEI umbrella.

The good thing about publicly traded companies is that there are lots of goodies to research.



I'm not sure if HEI has any competitors, many utilities don't, but $38M in net income is no small amount to make for the third quarter of 2013. They also paid their CEO $2.2m last year, not the most egregious but also not chump change.

I was also a little shocked to see this from their official SEC 10K filing also:

"The Hawaiian Electric Board does not have a separate compensation committee. Rather, the entire Hawaiian Electric Board serves as Hawaiian Electric’s compensation committee and oversees Hawaiian Electric executive compensation matters."

This basically means, as I read it, that the executives are writing their own salaries? As if compensation committees aren't wrong enough but instead of allowing shareholders to have a say, they decide their own paychecks? Aren't shareholders the owners? Shouldn't they decide?

For a company that mostly seems to have no competition, this is a pretty sweeeeeet deal for those on the top of this pile.


"HEI works proactively to improve the future of Hawaii and its communities. These efforts are integrated into our core business strategies. By helping our state achieve economic prosperity and a clean environment, and by addressing our communities’ needs, we build a sustainable future for our companies and for Hawaii."

[whtviper1]

Originally Posted by pj737

True but HECO had years to implement battery storage systems. It wasn't until the PUC finally got involved and mandated they get their s*** together that they finally put out a call for bids on battery storage systems. HECO is shaking in their booties now that PV going to zap their profitability and force rate increases for all those condo owners that are SOL when it comes to solar. I think the revolution in the solar industry is going to turn fancy all-glass hot-box high rise buildings into massive money sucking machines. Too bad that's the only thing coming up in town. My friend spends $500/mo on electricity just to make his condo livable during the day. It's so hot that it actually retains the heat well into the night.

Well - I will agree with you condo owners should be afraid. It is going to get bad - soon.

So glad I have solar.

[pj737]

Originally Posted by whtviper1

Well - I will agree with you condo owners should be afraid. It is going to get bad - soon.

So glad I have solar.

It's not just that they can't put solar... modern condos are built with no cross-ventilation. Older buildings would put the halls on one side of the building - open to the environment... therefore allowing condo units to extend from one end of the building's facade to the other... which of course allows for some pretty nice cross-ventilation. Modern glass boxes rely on common areas in the center of the building which means air cannot travel through units. It basically blows up against a wall of pressure even if your windows are open. The wind simply doesn't blow through the units. They are literally dependent on aircon to make them livable. It's like the worst of both worlds... forever slaves to HECO and they have to buy an insane number of kilowatts every month just to stay comfortable.