Paniolo Power files to consolidate merger, PSIP dockets

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Paniolo Power Co. LLC, a subsidiary of Parker Ranch Inc., filed a motion to merge two cases currently before the Hawaii Public Utilities Commission (PUC) into one docket.
The Change of Control docket addresses NextEra Energy (NYSE: NEE)’s proposed acquisition of the Hawaiian Electric Companies (HECO), while the PSIP docket addresses HECO’s long-term clean energy strategy and transition plan.
The PUC said it would rule on four major dockets before it rules on the merger.  Those dockets are the PSIPs, connecting more rooftop solar, HECO’s decoupling mechanism and its demand response program. Commissioners rejected HECO’s Integrated Resource Plans in April 2014 and ordered the utility to submit PSIPs with direction provided by the PUC to speed up oil-fired power plant retirements and aggressively pursue clean energy sources. The PSIP plans were submitted to the PUC in August 2014, and the commission opened the docket the same month.

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