Deferred HECO bill worries some about bankruptcy
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- Опубликовано: 8 сен 2024
- Heading into the final week of the legislative session, Governor Josh Green and IBEW 1260 business manager Leroy Chincio Jr. are asking lawmakers to reconsider the bill which would allow HECO to issue rate-payer backed bonds also known as securitization for wildfire mitigation efforts.
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We need multiple companies to keep prices down. HECO is owned by Blackrock and Vanguard,.
The lawyers will take half of any Lahaina payouts.
1 company equals
*Monopoly*
((( listen to what he says… he states “he’s only worried about jobs benefits, and retirement”. !! What about the affordability of electricity and good service through public service.
sure has been a lot of rolling blackouts lately right before this come up on this bill and during . ???!!!
We need a Full Forensic Audit of HECO !
How much does the CEO of HECO make? Will HECO management take a paycut before claiming bankruptcy?
most likely he & his top management will skim the pot for their fat bonus for "saving the company'. This always happens. If they also have "golden parachutes" in their employment contract to give them millions (some times tens of millions) if they should get fired or retire from the company. They are scam artist.
HECO CEO makes one of the highest salaries in hawaii, next to Hawaiian Airlines CEO. this information is publicly available.
I swear it was already found in AG report. Heco started the fire at 6 am and they shut down all power to lahaina then. Fire department put out that fire and deemed it completely out. The fire that destroyed lahaina started at 3pm when the power to all electeical lines was out since 6am. So how heco still being blamed. They also confirmed incompeteancy and joking about the incident from the county official responsible for emergency response. I dunno that seems yo me like maui county is completely to blame. Dont let heco, hawaii biggest employer, be blamed for someth8ng that seems to me, is already proven to not be their fault
HECO sure waited till the end of the political money grab cycle to ask for such a huge amount of money.
This suggests that they are lying to look for a bailout and hoping to get it without any real discussion.
If they want to increase everyone's power bills they should just offer stocks or stock options to let customers who want to be owners buy in and let the customers own the company.
That is a possibility..
they knew what they were doing by asking for money at the last min with no plan in place, heco only cares about taking in more money and raising the price of electricity on everyone in the state.
@@tray3483 But there are bigger issues to address.
Who owns HECO?
Blackrock..
it could and should be the workers, let it go bankrupt and then hand it over to the workers who know best how to run it. it shouldn't and doesnt' have to be ran for profit. all that profit could go back into the company inproving wages and services. Hawaii is to small for this to be a risk of losing such an important necesity for modern everyday life. Who better than the workers to come up with a fire mitigation plan not concerned with profit?
@@michaelbowman5764 That's not going to happen.
@@LonnieBrewer-dd4wi doesnt' mean it shouldn't happen, doesn't mean We can't make it happen
@@michaelbowman5764 Good luck..
Just make a promise and spreadsheet to fix up the poles and lines!!! That should be enough? Pump the shib…
Just a matter of time. Are you prepared?
HECO is privately owned with a CEO that makes among the highest salaries in all of hawaii. this shields them from disclosing how much of their net income is actually used toward improving electrical infrastructure, and who knows how many other potentially useless office positions take an unreasonable annual salary for the amount of work they contribute?
HECO needs to sell off its brand new fancy solar farms and battery storage to raise money ASAP.
Because of how small the state is it should take over heco, let them go bankrupt and give the company to the workers, let them run it, and it doesn't have to be a for profit buisness. All that profit could go back into HECO raising pay and services. It could be better regulated and the workers could come up with the fire mitigation plan. There are good solutions to everything.
maybe greedy people should stop blaming heco for a wildfire and blame the state for not clearing the dead foliage.
It was NOT a "wild fire". ALL fires are started by some sourse such as: weather a person(s), but, in this case DEW (seach DEW maui fire). 85% of "wild fires" are ARSON.
there needs to be at least TWO power companies in every state NOT one which has to much power to get tax payer money. Right now there is one power company that is a monopoly (which is against the law). Break up this power company into two power companies let them have friendly competition for people to choice which power company is the best & they want to provide power to their home & business.
@@Whatareyoudoingwithyourlife what's your point? They don't know what started the fire. So what if it was started by nature or human means, it is fueled 100% by the dead foliage that the state failed to clear. The point is that idiots are blaming heco cause it's convenient.
Btw monopolies aren't illegal. The process of becoming a monopoly can be illegal, but there is no law against being a monopoly.
@@Whatareyoudoingwithyourlife The DEW theory has already been disproven.
@@LonnieBrewer-dd4wi wise up channel Eric West Hawaii Real estate and vd Great reese report WILL CHANGE YOUR MIND.
See the truth.
The TRUTH WILL SET YOU FREE.
Rates will go up😂😂😂😂
Law makers need to stfu and pass the bill. Don't act all high and mighty now. We know you are all bought out.
Let them go bankrupt than people will know how much their bill will be every thing will double
HECO needs to turn into CO-OP in the long run that will benefit ALL !
Hawaii is a horrible place to raise children.