KIUC Retires $1.7 Million in Patronage Capital

KIUC Retires $1.7 Million in Patronage Capital

Kaua‘i Island Utility Cooperative (KIUC) will begin issuing $1.7 million in 2021 patronage capital retirement bill credits to cooperative members in May, due to action taken by the Board of Directors at its April 28, 2022 meeting. 

Patronage capital is money that the cooperative has left over after paying all of its expenses and meeting its lenders’ expectations for financial stability. At the end of the year, money is credited to each member’s patronage capital account according to the amount the member paid for electricity. This is the member’s equity in KIUC.

Power Purchase Agreement for West Kauaʻi Energy Project Receives PUC Approval

Power Purchase Agreement for West Kauaʻi Energy Project Receives PUC Approval

The Hawaiʻi Public Utilities Commission (PUC) has granted approval of a power purchase agreement (PPA) between Kaua‘i Island Utility Cooperative (KIUC) and a subsidiary of The AES Corporation (AES) for the development, construction, and operation of the West Kaua‘i Energy Project (WKEP): a proposed pumped-storage hydropower facility coupled with solar and battery storage.

Third Virtual Meeting for West Kauai Energy Project Scheduled

Third Virtual Meeting for West Kauai Energy Project Scheduled

Kauaʻi Island Utility Cooperative and its renewable energy partner AES invite the public to a Zoom meeting to discuss the West Kauaʻi Energy Project (WKEP): an innovative renewable energy project which will bring Kauaʻi to more than 80% renewable generation.

Second Virtual Meeting for West Kauai Energy Project Scheduled

Second Virtual Meeting for West Kauai Energy Project Scheduled

Kauaʻi Island Utility Cooperative and its renewable energy partner AES invite the public to a Zoom meeting to discuss the West Kauaʻi Energy Project (WKEP): an innovative renewable energy project which will bring Kauaʻi to more than 80% renewable generation.