Industry Electric Utility Website www.kiuc.coop Founded 1905 Number of employees 159 | Products Electricity Revenue 184.7 million USD (2013) Headquarters Lihue Type of business Cooperative | |
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Key people Jan TenBruggencate, Chairman
David Bissell, CEO Profiles | ||
Kauaʻi Island Utility Cooperative (KIUC) is an electric cooperative located on the island of Kauaʻi in Hawaiʻi. With 24,000 member-owners represented by a 9-member Board of Directors, it is the only electric cooperative in the state of Hawaii
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Energy history
In the 1970s, Kauaʻi burned sugar cane waste to supply most of their electricity. Today, the majority of the Kauaʻi's energy is produced by importing liquid petroleum. As of 2017, KIUC's fuel mix was 56% fossil fuels, 9% hydroelectric, 12% biomass and 23% solar. KIUC has successfully integrated large-scale solar into its grid so that, during daylight hours on most sunny days, 97 percent or more of its generation comes from renewable sources. KIUC offers $1,000 rebates to residential customers who have solar water heating systems installed on their homes by Energy Wise Participating Contractors. In March 2017, KIUC opened a 13 MW / 52 MWh battery next to the 12 MW Kapaia solar plant, and a 2018 project for 28 MW solar with 20 MW / 100 MWh batteries is priced at 11 c/kWh.
Corporate history
Kauaʻi Electric was incorporated in 1905 as a subsidiary of McBryde Sugar in order to construct a 2.4 MW hydroelectric plant on the Wainiha River. Kauaʻi Electric merged with Lihue Plantation's Waiahi Electric Company early in the 1950s. Kauaʻi Electric became a division of Citizens Utilities Company in 1969. In the late 1990s, Citizens Utilities announced its intentions to divest from the electric utility business and a group of business leaders from Kauaʻi joined to found the Kauaʻi Island Utility Cooperative in 1999. KIUC purchased Kauaʻi Electric Company on 1 November 2002 for $215 million.
In December 2009, KIUC participated in hearings regarding its plan to minimize the effects its operations have on three endangered Hawaiian birds, the ʻuaʻu, the ʻaʻo, and the band-rumped storm-petrel.