Category Archives: News

Paniolo Power to Withdraw from Merger Docket

(KAMUELA, HAWAI‘I, JULY 15, 2015)—Paniolo Power Company, LLC, a subsidiary of Parker Ranch, Inc., announced that it will withdraw from the Hawaiian Electric Companies/NextEra Energy, Inc. merger docket before the Hawaii Public Utilities Commission (PUC) and will instead concentrate on the PUC’s pending Power Supply Improvement Plan (PSIP) docket, which is better suited to address transformational planning issues.

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Paniolo Power Files Motion to Consolidate Merger, PSIP Dockets

(KAMUELA, HAWAI‘I, MARCH 9, 2015)—Paniolo Power Company, LLC, a subsidiary of Parker Ranch, Inc., filed a motion today to merge two of the most important cases currently before the Hawaii Public Utilities Commission into one docket—the Hawaiian Electric Companies’ (HECO)-NextEra acquisition and the HECO clean energy plan.

The Change of Control docket addresses NextEra Energy, Inc.’s proposed acquisition of the HECO Companies. The PSIP docket addresses HECO’s long-term clean energy strategy and transition plan.

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Parker Ranch Partners with NextEra Energy Resources

(KAMUELA, HAWAI‘I, January 16, 2015) —Parker Ranch announced earlier today that Parker Ranch Foundation Trust (PRFT) has entered into an agreement with an affiliate of NextEra Energy Resources, LLC. This agreement provides NextEra Energy Resources with long-term access rights to PRFT lands to develop renewable energy derived from PRFT’s wind resources.

“We have been aggressively seeking ways to reduce the cost of electricity for our community and our island by using the potential renewable energy resources available on PRFT’s Hawai‘i Island lands,” said Neil (“Dutch”) Kuyper, President and CEO of Parker Ranch. “During this time, we have also been seeking capital and technical expertise from potential development partners. We have been working collaboratively with NextEra Energy Resources for more than a year and believe that they are the ideal partner to utilize PRFT’s wind resources.” Continue reading Parker Ranch Partners with NextEra Energy Resources