June 25, 2017 2:23 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Hamakua Energy Partners, LP

Company Overview

Hamakua Energy Partners, LP owns and operates a power generating plant on Hawaii Island. Its naphtha-fueled combined cycle power plant produces electricity through its power purchase agreement. Hamakua Energy Partners, LP was formerly known as Encogen Hawaii, L.P. The company was founded in 2000 and is based in Honokaa, Hawaii. Hamakua Energy Partners, LP is a former subsidiary of TECO Energy, Inc.

45-300 Lehua Street

Honokaa, HI 96727

United States

Founded in 2000

Phone:

808-775-1711

Fax:

808-775-1801

Key Executives for Hamakua Energy Partners, LP

Hamakua Energy Partners, LP does not have any Key Executives recorded.

Hamakua Energy Partners, LP Key Developments

Energy Developer Files a Civil Complaint against Hawaiian Electric Industries Inc., NextEra Energy, Inc. and Hamakua Energy Partners LP

The developer of a $225 million biomass plant on the Big Island of Hawaii filed a civil complaint against Hawaiian Electric Industries Inc., NextEra Energy Inc. and Hamakua Energy Partners LP for alleged anticompetitive and illegal conduct related to the termination of the developer's power purchase agreement. The agreement on the 21.5-megawatt project had been approved by the Hawaii Public Utilities Commission in late 2013, but Hawaiian Electric Co. subsidiary Hawaii Electric Light Co. terminated the agreement after the utility claimed that the developer missed several deadlines that were part of the agreement between the two companies. Hawaiian Electric Industries is the parent of Hawaiian Electric. Hu Honua Bioenergy claims that, at the time of the anticompetitive and illegal conduct, its power plant was 50% complete at a cost of $120 million and an additional $125 million in financing had been committed to complete the plant. Additionally, more than 130 indirect jobs in forestry, harvesting, hauling, and local service shops were expected to be generated in the local economy. Hu Honua said in the complaint filed in U.S. District Court in Hawaii that the defendants' unlawful actions prevented it from completing the facility that would have been in operation by 2017. As a result, Hu Honua said it lost its investment of $120 million in the plant, plus lost profits of $435 million. The developer alleges that HELCO breached the agreement by failing to comply with its terms.

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