KIUC Strategic Plan Briefing

SUBHEAD: Kauai Island Utility Cooperative presentation of updated strategic energy plan for 2013-2025.

By Allan A. Smith on 6 November 2013 for KIUC -
(http://islandbreath.blogspot.com/2013/11/kiuc-strategic-plan-briefing.html)


Image above: Aerial view of KIUC Port Allen 6 megawatt solar array under construction in 2012 and now completed. Eleele and Highway at upper left. KIUC generating plant lower right. From (http://www.hawaiicleanenergyinitiative.org/imported-20101004182628/2012/8/24/kauai-moves-ahead-in-pursuit-of-renewable-energy.html).

The board of directors of Kauai Island Utility Cooperative invites you to attend briefings on the cooperative's updated strategic plan for 2013 through 2025.

Directors and staff will present an overview of the plan and details on how KIUC plans to reduce customer bills by at least 10 percent through its renewables strategy, cost containment, energy efficiency and a rate adjustment process known as decoupling.

Decoupling essentially rewrites the utility's traditional rate-making practice by removing the incentive for the utility to increase revenue by selling more electricity.

The old business model is at odds with the energy efficiency efforts of today, which encourage customers to use less power. Decoupling establishes a periodic adjustment process that ensures the utility is taking in only enough money to pay for its operations and to maintain the margin required by its lenders.

Using the latest forecasts on oil prices and renewable energy, we will talk about the projected impact decoupling would have on your rates and how the adjustment process will work.

Here's a good overview from the Natural Resources Defense Council on the benefits of decoupling: http://www.nrdc.org/energy/decoupling/

Decoupling and our strategic plan are important initiatives for your cooperative so I hope you'll attend one of the three simultaneous meetings we will hold on Nov. 14 at 6:00 pm.

The meetings will be:

WHAT:
Strategic Energy Plan Briefing

WHO:
Presented by Kauai Island Utility Cooperative

WHEN:
Thursday, November 14th 2013 at 6:00pm

WHERE:
Waimea Theatre, 9691 Kaumualii Highway, Waimea
Kauai Island Utility Cooperative office, 4463 Pahee Street, Lihue
Hanalei School, 5-5415 Kuhio Highway, Hanalei

We look forward to seeing you on November 14th.

• Allan A. Smith is Chairman of the Board of Directors of Kauai Island Utility Cooperative.

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