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‹#› HAWAII’S ELECTRIC FUTURE Robert Harris September 17, 2015

Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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Page 1: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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HAWAII’S ELECTRIC FUTURE

Robert Harris

September 17, 2015

Page 2: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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“THE BIGGEST THREAT TO

FACE THE U.S. UTILITY

INDUSTRY IN LIVING MEMORY” - Public Utilities Fortnightly

Page 3: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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PEOPLE GOING SOLAR

Page 4: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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COMPETITION

Page 5: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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“Today, a variety of disruptive technologies are

emerging that may compete with utility-provided

services. Such technologies include solar

photovoltaics (PV), battery storage, fuel cells,

geothermal energy systems, wind, micro turbines,

and electric vehicle (EV) enhanced storage. As the

cost curve for these technologies improves, they

could directly threaten the centralized utility

model.”

- Edison Electric Institute: “Disruptive Challenges”

Page 6: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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A NATIONAL BATTLE

Page 7: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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Page 8: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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FUTURE OF SOLAR

Minimum Bill Time-of-Use

Rates +

Solar + Storage

=

Page 9: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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FUTURE OF THE UTILITY?

Publicly-Owned

Utility

Utility Becomes a

“Grid Operator”

Page 10: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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SO WHAT ABOUT NEXTERA?

What’s the fuss about?

Page 11: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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VS!

Page 12: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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SOME NUMBERS

$4.2 billion price tag

$600 million to

shareholders

$17.1 milion

to 3 CEOs

$60 million to

ratepayers

Page 13: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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CONCERNS:

Same Business

Model as HECO No Public Plan

History of

Opposing Solar &

Efficiency

1% of NextEra’s

Business

Page 14: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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MAHALO!

Robert Harris

Director of Public Policy

[email protected]

Page 15: Hawaii’s Electric Future · emerging that may compete with utility-provided services. Such technologies include solar photovoltaics (PV), battery storage, fuel cells, geothermal

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