Examples of HECO Companies in a sentence
In effect, the mechanism, if approved, would allow the HECO Companies to recover certain costs for renewable projects built in the County of Hawaii and the County of Maui from Oahu ratepayers.
The HECO Companies initially proposed this program in the RPS proceeding, but the Commission determined that a separate docket should be opened on this matter.
On April 18, 2018, the Commission opened Docket No. 2018-0088 to develop a new regulatory framework for the HECO Companies, known as Performance-Based Regulation (“PBR”).
On December 30, 2019, the Commission suspended deliberations in this docket until the HECO Companies filed a supplemental application for the broad deployment of sensors and field devices.
In Phase 1, pursuant to concerns raised, the PUC closed the Net Energy Metering program for the HECO Companies but created grid-supply and self-supply options to allow the continued adoption of rooftop photovoltaic systems.
The HECO Companies estimate the rates of return they propose for PUC approval based on “multiple analytical techniques including the Discounted Cash Flow model, the Capital Asset Pricing Model, and the Bond Yield Plus Risk Premium approach.”52 As shown in the revenue requirement formula below, the utility’s ability to increase earnings is tied to increases in the rate base.
Project Name and Docket No.Size (MW)Energy Payment Rate/Initial Term (cents per kWh) Courtesy: Nikki Matsumura 2019 Overview Grid Scale Renewables - Phase 2 Request for Proposals (“RFP”)On August 15, 2019, the Commission approved the HECO Companies’ Proposed Final Phase 2 RFPs with modifications, and the HECO Companies filed the final version of the Phase 2 RFPs with the Commission on August 22, 2019.
Furthermore, the PUC also required the HECO Companies to provide time-of-use tariffs.
HECO held a briefing in December 2007 to provide a more detailed explanation of the training programs in place and to review the broad array of training materials used by the HECO Companies.
In assessing whether or not the Application should be approved, the Commission applied two legal standards: (1) is the Application reasonable and in the public interest; and (2) is the applicant (NextEra) fit, willing, and able to provide the services currently offered by the HECO Companies.