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In 1970, HECO acquired the Hawaii Island's Hilo Electric Light Company. In 1988 MECO acquired the Lāna‘i City power plant on the island of Lānaʻi, and in 1989, Molokai Electric Company on the island of Molokaʻi. Hawaiian Electric Industries, Inc. (HEI) was created as a holding company for these various utilities in 1983. [2]
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Hawaii electricity production by type. This is a list of electricity-generating power stations in the U.S. state of Hawaii, sorted by type and name.In 2022, Hawaii had a total summer capacity of 2,906 MW through all of its power plants, and a net generation of 9,337 GWh. [2]
As of 2021 renewable energy made up 34.5% on Oahu, Maui and the island of Hawaii. [3] Hawaii has the highest electricity prices in the United States. As of 2016 the average cost of electricity was $0.24 per kilowatt-hour, followed by Alaska at $0.19. The U.S. average was $0.10.
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Parent company Hawaiian Electric Industries Inc. reported earning $48.8 million in the fourth quarter, down 15 % from $57.3 million a year earlier, which contributed to a 2023 profit of $199.2 ...
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