HELCO bill

[bystander]

Just to clear things up for Wuzzerdad, HELCO stands for Hawaii Electric Light Company which is the electric utility on the big island. HECO stands for Hawaiian Electric Company. The parent company that issues the stock.

I think pahoated meant that you can own HECO but not HELCO stock. The difference is not worth arguing about IMO.

[Wuzzerdad]

quote:

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Originally posted by bystander

Just to clear things up for Wuzzerdad, HELCO stands for Hawaii Electric Light Company which is the electric utility on the big island. HECO stands for Hawaiian Electric Company. The parent company that issues the stock.

I think pahoated meant that you can own HECO but not HELCO stock. The difference is not worth arguing about IMO.

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[]

Picking nits is what nit suckers do. []

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

[Frank]

quote:

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Originally posted by Wuzzerdad

I hate to tell the sheep that the shepherd is going to slaughter you. They already started by convincing you that the "grid" had become unstable because of solar. Thats hogwash everybody. For every KW added to the grid, the fossil fuel fired plant has to work less. It is distributed energy, out on the gird that is already built to handle the loads and has done so. There is not a net surplus of energy nor any danger of the grid failing because of the loads. It actually is much more efficent because the energy is used much closer to the place it was produced. Not as much transmission loss over long distances. Electricity runs both ways through the wires, to and from where it is produced as demand is created or shed. Get an "expert" solar guy to start raising heck with HELCO and the legislature before they take your net metering ability away. All solar inverters will not produce more energy than what can be consumed by the provider and the grid, ohms law, you know, actual science governs that statement. [!] All Helco has to do to balance the grid is to raise or lower the voltage of their plants to adjust the amount of energy it produces. Which is easily done. And monitor, which they already do through the net metering meter the voltage output of the distributed inverters and make the customers adjust their voltage out put accordingly. This is a function of software on all modern UL 1741 certified solar power inverters. Watts is the amount of work, with voltage being like pressure, pushing the watts (curent) where it needs to go.

I am infinately qualified to comment about this, so go ahead and take a shot about it. [:p]

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

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mahalo ! nest nail please...above makes perfect sense to me.

[Frank]

dang... next nail..

[KeaauRich]

quote:

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Originally posted by pahoated



HELCO may be considered locally a monopoly since it is the only choice for grid power but that is WRONG, WRONG, WRONG! If you go to the mainland and choose to live in some area, that area is only going to have one choice of utility electric power. Everything is divided up into utility areas and a particular utility has all the business in that area. Seriously people, this is Capitalism 101.

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Well, not quite... In many areas, a competitive electric market has been established, and the transmission and generation functions of an electric utility have been separated. So you can buy your electricity from one company and have it delivered by a second company (which is usually a fragment of the historic utility company serving your area).

[kalakoa]

I take a broader view: where utilities create a "natural monopoly", they need to be regulated to a "higher standard".

In the olden days, the phone company was required to bring service everywhere, even when not cost-effective ("Universal Service").

Far as I can tell, nothing is "required" of HELCO.

This is similar to the broadband situation: Oceanic has an exclusive franchise, which includes the exclusive right not to bother providing service. How is this fair to the customer?

[bystander]

quote:

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Originally posted by pahoated
HECO is not the parent company of HELCO. HECO is a division, just like HELCO, only for Oahu.

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HELCO and MECO are susidiaries of HECO so tha makes HECO the parent comapany. But yes you are right about the HEI being the overall parent and the issuer of the stock. HECO is part of HEI. Below is from the HECO website.

quote:

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Hawaiian Electric Company, Inc. (HECO), and its subsidiaries, Maui Electric Company, Ltd. (MECO), and Hawaii Electric Light Company, Inc. (HELCO), serves 95% of the state’s 1.2 million residents on the islands of O`ahu, Maui, Hawai`i Island, Lana`i and Moloka`i.

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[Guest]

This debate is beginning to sound like religion.

Who's "god" is on top??

[kalakoa]

God Money, I'll do anything for you;
God Money, just tell me what you want me to...

[Wuzzerdad]

I own HE and ORA stock.

Hawaii Electric Company and Ormat Industries.

I have always refered HE as HELCO when talking about it. I have no idea about HEI or HECO. I got a damn good dividend check from HE last cycle, all 600 shares. Enough for a couple of months in the sun.

That is all, nothing to see here folks, just move on....

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