HELCO bill

[Wuzzerdad]

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Originally posted by pahoated

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Originally posted by Wuzzerdad
Disclaimer.... I own HELCO and ORMAT stock. So keep over using power, just for me please! []

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You can't have bought HELCO stock because it is a subsidiary of Hawaiian Electric, the parent company that issues the stock.

Contrary to street belief, Hawaiian Electric is not swimming in profits. In fact, in their financial statement:

Earnings growth (last year) -1.39%
Earnings growth (this year) -2.57%
Annual profit (last year) $140.5M
Net profit margin 4.16%

Had revenue of $3.4 billion but only ended up with $140 million profit. Under 5% profit margin isn't really considered corporate greed. It shows how much money leaves Hawaii from Hawaiian Electric having to still buy over 60% of its energy from burning imported oil. It gets really tiresome to hear the same wrong things about HELCO over and over and over. This isn't any defense of HELCO, they have an archaic billing system but they do have a very challenging environment to work in. Falling albizia trees are something HELCO has had to take responsibility for, even though it was the citizenry that put them there. How much profit is there in that? The high electric rate is due to oil cost pass-through and as long as burning oil for a solid baseload power source continues, then electric rates will stay high.

"This island Hawaii on this island Earth"

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WTF are you talking about with your rant, I own Hawaii Electric Company Stock, as in Hawaii Electric Company or HELCO. (HE)

http://hawaiianelectric.com/portal/site/heco/

So what are you saying exactly? [!] As a matter of fact I own a bunch of it, and am happy with it's returns. You figures are lies BTW, check it out. Over 4% is a good return for any public utility. And they do it year after year. Anymore than that and the public rate comission would shut them off and make it 100% public controlled and operated. Thats the price you pay for a secure investment in public utilities. 4% a year over 20 years is how much of a return? Anybody?? How about 110%???

http://www.nasdaq.com/symbol/he

And Ormat (ORA) http://en.wikipedia.org/wiki/Ormat_Industries

[!]

Jerk





I started out with nothing and I still have most of it.
Mahalo
Rick