geothermal on hold

[lavalava]

Thats not PGVs fault that is the weakness of the ancient Kapoho substation. It trips off every other week because the load it carries (everybody past the Pahoa stop light from Kalapana to Kapoho and everybody in between). Once again it is HellCo shortchanging the very area it thought it could put more geothermal in!

[pahoated]

quote:

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Originally posted by gypsy69
I think the electric goes off (more) the closer you live to Geothermal, and cost more too.

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The closer you live to PGV, the chance of getting your electric from PGV is virtually zero. That is because the power line from PGV almost completely bypasses Puna except for the water station and police/fire buildings. The electric for Puna comes almost entirely from the Puna oil burning plant up by Shipman.

The more your electric goes off is more likely to be how close or how many albizia trees there are in your area or up the line from your area. There have been several long outages in Beaches and Shores from the past few storms, while just up the road, the power never went out. The difference, many more albizia trees down road and down line.

Also, on this topic, it was never a done deal that the next geothermal plant would be on the east side at all. The load demand is on the west side and there are developments in geothermal power design that will open up areas that were once thought to have low energy extraction feasibility.

"This island Hawaii on this island Earth"

[Obie]

Pohoated

I don't know where you get your information but it is entirely wrong.The high voltage 3 phase power lines go from PGV to the nearby substation and also continue on to Hilo. Power leaves the same substation and heads down to Kapoho.That substation is also fed by high voltage 3 phase lines from Hilo.

[fishenjim]

It's not the first time I've seen this said on this forum.Obligated legally or otherwise to make profits for the shareholder.Pure poppycock.You can run a publicly held company anyway and for any reason you like.You may answer to the board.There is no law making you obligated to the shareholder.there is no company I'm aware of that has any bylaws stating same.If this were the case don't you think that there would be a lot of jailed bankers,auto execs etc. Most of them didn't even loose their jobs.Many of them committed heinous acts not in the interest of the shareholder.This is a very common misconception.

[snorkle]

Thanks for the clarification, fishenjim.

I guess HELCO's board is obligated to provide uninterrupted service to the public at a reasonable cost.

If this cuts into their profits, I'm certain they don't mind.*



*Sarcasm alert

[Bullwinkle]

look up "fiduciary duty" thats what the board of directors owes the stockholders and tax entities

miss a payment or dividend and see what happens

even in Hawaii

[fishenjim]

Dividends weather to pay or how much is entirely up to the Corp and is in no way guaranteed.not even in hawaii

[fishenjim]

Only fear and greed drive the market.and if you don't like what the company does you are free to sell the stock.Go ahead and try to sue a company cause your stock went down.You play the market you play poker same thing.I think Lehman bros has missed a few dividend payments oh yea that stock went to zero.Repercussions non existent.fiduciary duty holds no water just a cozy term to make the nieve feel safe.

[snorkle]

Believe me, I'm not looking at this from the viewpoint of an investor. I see it through the customer lens.

If I can get a sufficient home power system for the same $200/mo I pay HELCO, why should I continue on the grid?

As more and more consumers figure this out and disconnect; fewer and fewer gridosaurs will be left to pay for their archaic and costly technology. I see the grid exodus snowballing quickly as technology continues to advance. Utility investors will have to figure out other ways to screw consumers.

By the way, I don't expect to change anyone's mind here as much as let like minded individuals know that they're not alone.

Surge me not, HELCO.