04-01-2024, 06:04 PM
Since 2017, HEP has been owned and operated by a company called Pacific Current (pacificcurrenthawaii. com/project/hamakua/). Pacific Current is a wholly- owned subsidiary of Hawaiian Electric Industries (HEI) and is therefore an affiliate of Hawaiian Electric Co. since the utility is also wholly-owned by HEI
---------
They did this spin-off so that they could sell the power to themselves, thereby making money on the generation side as well as the distribution side...
---------
They did this spin-off so that they could sell the power to themselves, thereby making money on the generation side as well as the distribution side...