State PUC blocks biofuels deal

[Rob Tucker]

I recall reading HELCO's PUC application a couple years back and noticing that HELCO was wanting to abandon geothermal expansion and was planning on biodiesel at a very, very high rate per barrel. My assumption was that HELCO makes a percentage of profit based on costs and their profit is higher if the costs are higher.

HELCO is not much concerned with the rate payers.