MECO’s only concerns are shareholders, profits
Maui Electric Co., who does it support?
Let’s be clear about MECO: The only thing MECO cares about is the shareholder and profit, period. There is no interest in wind farms, solar or wave power. Creating any other form of renewable energy would lower profits and dividends.
Any future research into any form of alternate energy will involve the raising of rates. MECO will not risk any shareholder revenue.
We need to take this issue to the Public Utilities Commission and demand any future profit or dividend payout will involve a heavy percentage being put aside for research, upgrades and development.