The future belongs to those who see possibilities before they become obvious. - John Scully The visionary is the one who brings his or her voice into the world and who refuses to edit, rehearse, perform, or hide. It is the visionary who knows that the power of creativity is aligned with authenticity. - Angeles Arrien

1. STATE OF HAWAII
Renewable Energy Transformation
Pathways – The Visionaries
ENERGY AGREEMENT AMONG THE STATE OF HAWAII, DIVISION OF CONSUMER
ADVOCACY OF THE DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS, AND
THE HAWAIIAN ELECTRIC COMPANIES
October 1, 2008
<https://www.sec.gov/Archives/edgar/data/46207/000119312508224664/dex1012.htm>
The signatories to this agreement are the Governor of the State of Hawaii; the State
Department of Business, Economic Development and Tourism; Hawaiian Electric Company,
Hawaii Electric Light Company, Maui Electric Company (“Hawaiian Electric Companies”);
and the Division of Consumer Advocacy of the Department of Commerce and Consumer
Affairs.
On behalf of the people of Hawaii, we believe that the future of Hawaii requires that we move
more decisively and irreversibly away from imported fossil fuel for electricity and
transportation and towards indigenously produced renewable energy and an ethic of energy
efficiency. The very future of our land, our economy and our quality of life is at risk if we do
not make this move and we do so for the future of Hawaii and of the generations to come.
The islands of Hawaii have abundant natural resources, including wind, sunshine, ocean and
geothermal sources for electricity generation, and land for energy crops that can be refined
into biofuels to address electricity and transportation needs. Economic and culturally sensitive
use of natural resources can achieve energy supply security and price stability for the people
of Hawaii, as well as significant environmental and economic opportunities and benefits.
Successfully developing Hawaii’s energy economy will make the State a global model for
achieving a sustainable, clean, flexible, and economically vibrant energy future.
We commit to being open and truthful with our community about the investment necessary to
transition to a clean energy future, the importance of making it, and the time it will take to be
successful. We accept that the transition to this clean energy future will require significant
public and private investment with impacts on Hawaii's ratepayers and taxpayers and, we
expect to achieve long-term benefits that outweigh the costs of such investments.
As we move from central-station, oil-based firm power to a much more renewable and
distributed and intermittent powered system, we accept that the operating risks of the
Hawaiian Electric Companies will increase which may potentially affect customers. Thus, we
recognize the need to assure that Hawaii preserves a stable electric grid to minimize disruption
to service quality and reliability. In addition, we recognize the need for a financially sound
electric utility. Both are vital components for our achievement of an independent renewable
energy future.
We commit to take steps to reduce the demand for electricity and increase the efficiency of
energy that we do use both to reduce the costs to the public and to reduce the level of
electrical generation.

2. At the same time, we recognize that a system of utility regulation will be needed to assure that
Hawaii preserves a stable electric grid and a financially sound electric utility as vital
components of our renewable energy future.
We will strive to assure that this process to achieve the HCEI goals and objectives will be
directed towards providing ratepayer benefits, including long term price stability, and
ultimately lower cost than would be incurred using imported fossil fuels.
We also commit to incorporate new metrics for measurement and oversight systems that
monitor our progress in reducing our use of imported fossil fuel, while increasing our
efficiency and our use of renewable energy to meet Hawaii’s electrical energy demand.
We commit ourselves to a system of utility regulation that will transform our major utility
from a traditional sales-based company to an energy services provider that retains its
obligation to serve our public with reliable energy, strives to source and integrate greener and
lower cost generation, and moves us to an energy independent future.
And finally, we commit to working together in good faith, openness and in the spirit of
cooperation and collaboration to achieve the objectives and goals set forth in this agreement.
Linda Lingle Constance H. Lau
Governor, State of Hawaii Chairman of the Board, Hawaiian Electric Company, Inc.
Theodore E. Liu, Director
Department of Business Economic Development and Tourism
Robert A. Alm, Executive Vice President
Hawaiian Electric Company, Inc.
Catherine P. Awakuni, Executive Director
Division of Consumer Advocacy, Department of Commerce and Consumer Affairs
___________________________________________________________________________
POWER FACTS
Hawaiian Electric provides electricity for 95% of residents of the State of Hawaii
on Oahu, Maui, Molokai, Lanai and Hawaii Island
<https://www.hawaiianelectric.com/about-us/power-facts>
OAHU
Number of customers: 306,368
Firm Generation:
- Hawaiian Electric Plants
- Kahe (oil): 650 MW
- Waiau (oil): 500 MW
- Campbell Industrial Park (diesel): 130 MW
- Schofield (biofuel/diesel): 50 MW

3. Independent Power Producers
- Kalaeloa Partners (oil): 208 MW
- AES-Hawaii (coal): 180 MW
- HPOWER (waste-to-energy): 68.5 MW
- Airport Emergency Power Facility (biofuel): 8 MW
Total firm capacity: 1,794.5 MW
Renewable energy percentage: 25.2%
Renewable peak: 60% on May 5, 2019
_____________
MAUI COUNTY - Serving Maui, Molokai & Lanai
Number of customers: 72,522
Firm Generation:
Hawaiian Electric Plants (Oil)
- Maalaea: 212.1 MW
- Kahului: 37.6 MW
- Molokai: 12 MW
- Lanai: 10.4 MW
- Hana (dispersed generation): 2 MW
Total firm capacity: 274.1 MW
Renewable energy percentage: 40.8%
Renewable peak: 77% on April 15, 2019
_____________
HAWAII ISLAND
Number of customers: 86,576
Firm Generation:
Hawaiian Electric Plants (Oil)
- Keahole: 77.6 MW
- Puna: 36.7 MW
- Kanoelehua: 21 MW
- Waimea: 7.5 MW
- Hill: 5.5 MW
- Dispersed generation: 5 MW
Independent Power Producers
- Hamakua Energy (oil): 60 MW
- Puna Geothermal Venture (out of service): 38 MW
Total firm capacity: 213.3 MW
Renewable energy percentage: 34.7%
Renewable peak: 67% on November 28, 2019

4. HECO RENEWABLE PROJECT STATUS BOARD
<https://www.hawaiianelectric.com/clean-energy-hawaii/our-clean-energy-portfolio/renewable-project-status-board>
We are committed to increasing Hawaii's use of clean energy and reducing our dependency on
imported oil. This status board tracks the progress of new and upcoming renewable energy
projects and the impact that they will have in increasing our overall RPS % points –
essentially, the percentage of renewable energy on the grid – to meet our clean energy goals.
COMMENT: Fast-tracking and streamling the Hawaii Public Utilities Commission (PUC)
regulatory approval and rate making process will accelerate HECO's Goals to transition to
renewable energy. Scheduled Project Completion Dates await completion of environmental
and permitting requirements and final PUC approval.
___________________________________________________________________________
HAWAIIAN ELECTRIC COMPANY. INC.
2020 ADEQUACY OF SUPPLY REPORT SUMMARY
Joseph P. Viola, Vice President, Reguiatory Affairs
<https://puc.hawaii.gov/wp-content/uploads/2020/07/HECO.ADEQUACY-OF-SUPPLY.2020-01-30.pdf>
• The adequacy of supply (“AOS”) of Hawaiian'Electric Company, Inc. (“Hawaiian Electric”
or the “Company”) is based on the Company’s June 2019 Sales and Peak Forecast Update and
other key assumptions.
• HAWAIIAN-ELECTRIC'S RESERVE-CAPACITY MAY NOT BE SUFFICIENT to
meet the Company's generating system reliability guideline of 4.5 years per day from 2022 to
2024.
• The adjusted peak load experienced on Oahu in 2019 was 1,221 MW net and was served by
Hawaiian Electric's total capability of 1,744 MW-net, including firm power purchases. This
represents a reserve margin of approximately 45% over the 2019 adjusted system net peak.
This reserve margin did not include the capacity of Honolulu Units 8 and 9, which were
deactivated in January 2014.
NO NEW FIRM CAPACITY ADDITIONS ARE ANTICIPATED FROM 2020 TO 2024.
[Emphasis Supplied]
_____________________________________
MAUI ELECTRIC COMPANY, LIMITED
2020 ADEQUACY OF SUPPLY REPORT SUMMARY
Sharon M. Suzuki President
<https://puc.hawaii.gov/wp-content/uploads/2020/07/AOS2020-MECO.pdf>
Maui Electric's generation capacity for the island of Moloka'i for the next five years (2020 through
2024) is sufficiently large to meet all reasonably expected demands for seryice and proyide reasonable
reserves-for-emergencies.
Maui Electric forecasts reserve capacity shortfalls for the island of Maui to occur in 2020, and from
2023, under its June 2019 forecast. Maui Electric is implementing its Fast DR program to mitigate
these shortfalls. In the event that additional mitigation measures are needed Maui Electric is prepared
to implement the Temp DG and BESS technology to provide peak shaving capability.

5. HAWAII ELECTRIC LIGHT COMPANY. INC.
2020 ADEQUACY OF SUPPLY REPORT SUMMARY
Sharon M. Suzuki, President
<https://puc.hawaii.gov/wp-content/uploads/2020/07/AOS2020-HELCO.pdf>
Hawaii Electric Light's generation capacity for the next three years (2020-2022) will be sufficient to
meet reasonably expected demands for service and provide reasonable, reserves for unplanned
generation outages.
MAUI
Image Courtesy Haleakalā National Park
Each year, Maui's economy is depleted by hundreds of millions of dollars spent on fossil fuel
imported for electrical generation and transportation. The cost of electricity and gasoline in
Maui Nui is among the highest in the United States. This situation, in addition to the issues of
greenhouse gas emissions and global warming, requires strong and decisive leadership before
it is too late.
Mayor Charmaine Tavares established the Maui County Energy Alliance in 2008 to
address the formulation of policies and actions to break the cycle of fossil fuel dependence.
Maui’s abundant natural resources, which include the sun, wind, ocean, fertile arable land, and
geothermal potential, offer the real possibility of a broad portfolio of renewable energy
sources. These will be harnessed to meet the Mayor's goals for 2020 of meeting 95% of all
energy needs in Maui Nui sustainably and achieving a carbon- neutral footprint.

6. These efforts are not being undertaken in isolation. On a parallel and complementary track, the
State has developed the Hawaii Clean Energy Initiative (HCEI) in concert with the U.S.
Department of Energy. The goal of the HCEI is for efficiencies and renewable resources to
meet 70% of the State’s energy requirements by 2030.
With the establishment of the Maui County Energy Alliance, five working groups composed
of volunteers from public, private, and government sectors were formed to gather information
and data, review opportunities for action, and make recommendations.
Maui County Energy Alliance (MCEA)
Mayor Charmaine Tavares, County of Maui
Sheri Morrison, Managing Director, County of Maui
Deidre Tegarden, Coordinator, Office of Economic Development, County of Maui
Dr. Victor Reyes, Energy Commissioner, County of Maui
Jeanne Unemori Skog, President, Maui Economic Development Board
Leslie Wilkins, Vice- President and Director
Women in Technology, Maui Economic Development Board
Dr. Clyde Sakamoto, Chancellor, Maui Community College
William Parks, Jr., Deputy Assistant Secretary, U.S. Department of Energy
Working Group 1: Priority Recommendations – Renewable Resource Development
i. Focus initial action on energy efficiency improvements that are arguably the most cost-
effective means of achieving clean energy.
ii. Foster more renewable energy applications of technologies already in place in Maui Nui—
wind, solar PV, biomass, biofuel, and landfill gas collection—while creating a favorable
environment for investing in other renewable technologies such as ocean energy systems,
geothermal, and utility.
iii. Increase the number of solar PV rooftop installations for both residential and commercial
sectors through policy changes (e.g. removal of the net- metering cap) and improved financing
availability.
iv. Investigate and encourage geothermal energy development given its projected energy
potential as a “firm” source of power.
v. County of Maui to lead by example by designing and implementing renewable energy
production into its facilities. Examples are in- line hydro power, landfill gas energy conversion,
and landfill solid waste- to- energy in Maui County facilities.

7. In addition, the County of Maui should utilize locally- produced biofuels in its existing fleet as
much as possible.
Working Group 2: Priority Recommendations – Green Workforce Development and Education
i. Secure and allocate logistical and financial resources to support the continued work of a
formal coalition of community members from an array of sectors and organizational affiliations
dedicated to exchanging information on, and developing and implementing initiatives in, green
workforce development and education in sustainable energy for Maui Nui.
ii. Enlist existing education and training providers and other community partners to support the
development of a collaborative K- 122 network for sustainability activities, with a major focus
on sustainable energy.
iii. Promote and support the integration of sustainability topics throughout a broad base of post-
secondary education fields relevant to identified high- priority career pathways, including those
in the sustainable energy fields.
iv. Develop a workforce that is aligned and integrated with both formal and non- formal
education (including K- 12 and post- secondary credit and non- credit education, as well as
other forms of professional development and training) and the needs required of an emerging
workforce in the renewable energy and energy efficiency/conservation industries to come.
v. Develop a comprehensive strategy that identifies and secures funding for initiatives in green
workforce development and sustainable energy education, as well as for the work performed by
any future offshoot or iteration of the MCEA Working Groups.
Working Group 3: Priority Recommendations – Energy and Transportation Infrastructure
i. Develop an Energy Infrastructure Master Plan (to include alternative transportation).
ii. Support the introduction of electric vehicles to Maui Nui.
iii. Create a master list of “Identified Entrepreneurial Opportunities” In the renewable energy
sector.
iv. Fast- track well- designed sustainable energy projects.
v. Create an internet- based Energy Dashboard to stimulate and track community involvement.
Working Group 4: Priority Recommendations – Energy Efficiency and Conservation
i. Standardize County energy and resources consumption reports.
ii. Update and upgrade the Building Code and the Residential Energy Code.
iii. Conduct an energy efficiency audit and feasibility study for all County facilities.

8. iv. Require LEED (Leadership in Energy and Environmental Design) certification for all new
County facilities.
v. Develop a Green Permit program to encourage green building and LEED in both private and
public development projects.
Working Group 5: Priority Recommendations – Greenhouse Gases and Carbon Emissions
i. Ensure that broad educational efforts (such as those advocated by Working Group 2) include
information expressing the urgency of Greenhouse Gas (GHG) reduction.
ii. Provide the greatest support for transportation and energy generation systems that produce
zero emissions and require no imported fuels. Likewise, encourage conversion of systems that
do not meet these criteria.
iii. Promote energy efficiency efforts as the most effective individual method of contributing to
the reduction of GHG.
iv. Support carbon caps on imports into Hawaii, including fuel, food, and building materials, so
that global transportation, deforestation, and other GHG- producing activities are considered
with equal importance as those activities resulting in emissions in Hawaii, thus further
encouraging local production.
v. Consider and adopt County and State legislation that strengthens the commitment of Maui
and Hawaii to achieving energy goals, by ensuring that stated targets are legal mandates, not
merely recommendations.
MAUI NO KAI OI
VISIONAY LEADERSHIP
Image Courtesy DEA /C. Dani I. Jeske/De Agostini via Getty Image