Upstart utility holding company Twenty First Century Utilities made its case to own an electric utility in Hawaii on Thursday, proposing a novel investor-owned business model.
Last year, the Hawaii state government funded a study to assess which electric utility ownership model — investor, cooperative or municipal — is most appropriate for the state.
Cheryl Roberto, a former Ohio regulator and partner at TFC, told an audience at the Maui Energy Conference there may be a fourth model that would work for the islands.
