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Parker '�, Ranch <br />Other Thoughts mt 1847 <br />The electric utilities are focused on energy costs <br />because of their regulatory compact: <br />LiSynergies relating to waste management and energy are <br />not in their purview even though there may be a greater benefit to the island residents <br />(ratepayer vs. taxpayer subsidy). <br />The utilities prefer battery systems over pumped storage hydro. The latter is a better fit for <br />our agricultural industry (addresses the ag-energy nexus). <br />The utilities are arguably trying hard to meet regulatory, legislative and customer <br />expectations while keeping within their vertically -integrated business model; conversely, <br />the existing utility business model could be limiting our renewable energy and economic <br />potential. Other business models should be explored. <br />With the PSIP and HEP regulatory dockets coming to a close, Paniolo Power will now <br />vigorously pursue RE development opportunities to benefit all island residents. <br />