03-01-2011, 03:55 AM
Here's a thought:
If PGV didn't have all of the taxes and fees (royalties) to pay, how much cheaper could they produce the electricity? Yes, they actually pay a royalty fee to the state because the state claims they "own the steam". This is despite the fact that PGV returns the steam back into the ground.
"PGV typically pays about $2 million to $3 million a year in royalties – about 10 percent of the company’s revenue. Of that, the state takes 50 percent, Hawaii County gets 30 percent and 20 percent goes to the Office of Hawaiian Affairs."
http://www.hawaiibusiness.com/Hawaii-Bus...particle=2&siarticle=1
Looks like everyone has their hand in the cookie jar.
edit:typo.
If PGV didn't have all of the taxes and fees (royalties) to pay, how much cheaper could they produce the electricity? Yes, they actually pay a royalty fee to the state because the state claims they "own the steam". This is despite the fact that PGV returns the steam back into the ground.
"PGV typically pays about $2 million to $3 million a year in royalties – about 10 percent of the company’s revenue. Of that, the state takes 50 percent, Hawaii County gets 30 percent and 20 percent goes to the Office of Hawaiian Affairs."
http://www.hawaiibusiness.com/Hawaii-Bus...particle=2&siarticle=1
Looks like everyone has their hand in the cookie jar.
edit:typo.