HECO to deactivate oil fired power plant by 2014

Hawaiian Electric Co. (NYSE: HE) said it would deactivate its oil-fired Honolulu Power Plant on January 31, 2014 as part of a strategy to increase the use of renewables and reduce dependency on imported fossil fuels.

Honolulu Power Plant went into service in 1954. The remaining two oil-fired generating units have a combined generating capacity of 113 MW.

Deactivating the plant is part of an overall plan to deactivate 226 MW of utility-owned generation by 2016, as part of the company’s Integrated Resource Plan. Two units at the Waiau Power Plant are scheduled for deactivation by 2016. The Shipman plant, which has already been deactivated, will be retired in 2014. All four units at the Kahului Power Plant will be retired by 2019.

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