WAILUKU – The Mayor’s Office of Economic Development has selected an Oklahoma based firm to study utility options for the community.
As part of the bid requirements, Guernsey will come up with an “options analysis of the alternative forms of ownership and the alternative utility business models for Maui County’s electric utility company.” Among other things, the study will allow the county to have a better idea about the NextEra proposed merger and whether it is in the best interests of the community.
“We have the natural resources to wean ourselves off of oil here in Maui County, but in order to do that we need a utility that will be able to evolve with the changing energy industry,” said Mayor Alan Arakawa. “Hopefully this study will be able tell us what is the best option for this type of utility evolution. This is important information that we can use to decide what’s best for the future of Maui County.”
The deadline for Guernsey to report back its findings to Maui County will be in mid-October. Initially the contract cost for the study was set at $30,000, however the amount was amended to $70,000 as well as the deadline moved up to next month in order to provide better information
that may assist the county’s position in the NextEra/Maui Electric merger docket.