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Roadmap for Hawaii’s Clean Energy Future

Roadmap for Hawaii’s Clean Energy Future. PMI Honolulu October 20, 2010 Dick Rosenblum President & CEO Hawaiian Electric Company. The Challenge Whether you think you can or can’t you’re right Henry Ford. Hawaii’s Economy in 2008.

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Roadmap for Hawaii’s Clean Energy Future

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  1. Roadmap for Hawaii’s Clean Energy Future PMI Honolulu October 20, 2010 Dick Rosenblum President & CEO Hawaiian Electric Company

  2. The ChallengeWhether you think you can or can’t you’re rightHenry Ford

  3. Hawaii’s Economy in 2008 “Our dependence on oil means that we will continue to send billions of dollars of our hard-earned wealth to other countries every month.” B. Obama GROSS STATE PRODUCT $63.8 BILLION SPENDING ON ENERGY $ 8.4 BILLION

  4. Hawaii’s Fossil Fuel Use Fossil fuels provide 90% of HECO’s Supply Hawaii Economy HECO Electric Supply 2008 JET FUEL 34% ELECTRICITY 32% GASOLINE/ 27% MARINE FUEL OTHER 7%

  5. A Paradigm Shift is Required • Economic drain > Economic engine • Energy insecurity > Energy security • Environmental harm > Environmental compatibility • Price volatility > Price stability

  6. The SolutionsEven if you are on the right track, you’ll get run over if you just sit thereWill Rogers

  7. Three Goals • Meet RPS targets • 40% by 2030 • Reduce volatility • Reduce costs compared to current path

  8. Differing Circumstances Renewable Poor Renewable Rich Oahu population 907,574 * Neighbor islands’ population 322,992 * Oahu Molokai Maui County 14 %** Kauai Maui Lanai Hawaii Oahu 5 %** Population 173,057 * Hawaii Island34 %** * U. S. Census estimate July 2009 ** % Renewable electricity 2009

  9. How Can We Do It? • Use abundant wind resources • Island interconnection • Liquid bio-fuel • Local ? • Effective integration of intermittent generation Wind speed mapof Hawaii Hawaii Island 29% of peak load Lanai 26% of peak load Maui 17% of peak load

  10. Inter-Island Wind • A program not a project • Wind Project(s) • Undersea cable • Oahu transmission enhancements • Each critically dependent on the others • Market power • Financing • Government interface • Community • NIMBY, • NIMTOO

  11. What Are We Doing To Prepare • Sr. Executive Project Management Office (PMO) • Three levels of involvement • Small • Medium • Large • What are the tools/processes • Scheduling • Estimating • Project Controls • Change Management • Risk Management

  12. What do I think Everything should be as simple as it is, but not simpler.Albert Einstein • Don’t create a monument to project management • Be careful what you measure • Be flexible – leave room for innovation • Communicate, communicate, communicate

  13. Let’s Talk!

  14. Learn More • Hawaii’s Energy Future www.hawaiisenergyfuture.com • Hawaiian Electric Companywww.heco.com • Hawaii Clean Energy Initiativewww.hawaiicleanenergyinitiative.org • Hawaii energy datahttp://hawaii.gov/dbedt/info/energy

  15. Together…Shaping the Future of Electricity

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