11-11-2010, 05:12 AM
Billwinkle asked: "In the case of geothermal breach - who has the reserves to indemnify those potential losses?"
That is what the Puna Geothermal Relocation Fund is supposed to be for. Emily Naeole successfully had the fund changed to the Puna Geothermal Relocation and Community Benefit Fund and has since been spending the money on other things. While that may be all well and good the fund is required to maintain a minimum of $1 million. Naeole took that to mean a maximum of $1 million and everything above that figure was fair game.
Perhaps $1 million is enough. Perhaps it isn't. It needs to be re examined as the population in the area has increased.
That is what the Puna Geothermal Relocation Fund is supposed to be for. Emily Naeole successfully had the fund changed to the Puna Geothermal Relocation and Community Benefit Fund and has since been spending the money on other things. While that may be all well and good the fund is required to maintain a minimum of $1 million. Naeole took that to mean a maximum of $1 million and everything above that figure was fair game.
Perhaps $1 million is enough. Perhaps it isn't. It needs to be re examined as the population in the area has increased.
Assume the best and ask questions.
Punaweb moderator
Punaweb moderator