S.R. NO. 92 Summary

• Request that the Public Utilities Commission require Hawaii Electric Light Company, Inc. (HELCO) to develop a timely plan to retire its fully depreciated fossil fuel power generation facilities on the Island of Hawaii and transition to geothermal power as the primary baseload source.

• Direct HELCO to prioritize geothermal-generated electricity as the primary baseload source for the Island of Hawaii within the next five years while continuing to develop other alternative energy sources such as wind, solar, and hydro.

• Request that the Public Utilities Commission continue implementing contractual procedures between HELCO and geothermal power producers that provide equitable returns on investment and reduce kilowatt-hour costs to consumers.

• Acknowledge that all but one of HELCO's existing fossil fuel-dependent power generation facilities are fully depreciated, and that Puna Geothermal Venture has successfully demonstrated the safety and reliability of geothermal power for 18 years on the island.

• Note that Environmental Protection Agency retrofit requirements for existing oil-fired plants will increase emissions and costs, whereas geothermal transition would reduce both environmental impact and consumer electricity rates.