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President Joe Biden has announced over $5 billion in new investments in Hawai‘i from his Investing in America agenda – including the Bipartisan Infrastructure Law and the Inflation Reduction Act – to advance rural prosperity, economic development, competition and sustainability.
Hawaiian Electric has renegotiated three of four renewable energy contracts at fixed rates that can help reduce and stabilize bills, resulting in long-term savings for customers on Hawaii Island.T. . .
The current contracts with Puna Geothermal Venture, Hawi Renewable Development and Wailuku River Hydroelectric are long-term “avoided cost” contracts with adjustable rates that are tied to oil prices and that fluctuate monthly.
Hawaiian Electric on Monday announced it had renegotiated three of four existing renewable energy contracts at fixed rates on Hawaii island.
Three Hawai‘i Island Renewable Energy Contracts Amended