2012-10-04 Windward Transcript PD yagong & blas

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KERN: Yes, Commissioner Ishibashi. ISHIBASHI: I would like to excuse myself from this discussion. I’m a supporter of geothermal and all alternative energy. But this discussion on the Asset Fund, I would like to excuse myself from participating. KERN: Okay, Commissioner Ishibashi, you are excused. ISHIBASHI: Okay KERN: Thank you very much, and you’re going to sit out there then. Thank you. So, yes, Daryn. And just to make sure, everybody, Fellow Commissioners have received the chronological kind of background report? GONZALES: Yes. KERN: Good, very good. Daryn. ARAI: Thank you, Mr. Chairman. If I may direct your attention to the screen. We wanted to provide the Commissioners with a brief overview of the Geothermal Resource Permit No. 2, by which a condition in the permit resulted in the establishment of the Geothermal Asset Fund. First, for those of you who are not familiar, this is a map showing the Puna District in the vicinity of Leilani Estates, which is this subdivision here toward the bottom of the map, and Nanawale Estates which is shown at the top of the map. This is the road, Kapoho Road, leading down toward Kapoho and the lighthouse. Oops, oh, I'm sorry it's right here, my apologies. And the PGV project site is indicated here outlined by the heavy black line. That area comprises of roughly 500 acres; and the PGP site itself and the facility is up, occupies roughly 25 acres within the larger 500-acre project site. LEITHEAD TODD: Daryn, backup for a minute. If you look at the line going into the little area where PGV is and you go straight, straight down, the next subdivision below that, that’s Lanipuna, for the purposes of the Commission’s information, which is separate and apart from Leilani. And it, to some extent, is probably the closest subdivision. ARAI: Thank you for clarifying that, Director. This is an aerial photograph of the project site. As you can see the facility is basically occupying both properties. These black lines basically represent two legal lots of record, and that's all it represents. The PGV site, again, has various facilities occurring on both parcels, as indicated here by the aerial photo. Again, as the Director pointed out, Lanipuna Gardens is located here to the south. Back in October 3, 1989: The Planning Commission approved Geothermal Resource Permit No. 2 to allow for the establishment of the Puna Geothermal Venture facility which was proposed to generate 25 megawatts of power. That approval was subject to conditions that included a Condition No. 51 requiring PGV to provide contributions to a Geothermal Asset Fund for the purpose of geothermal impact mitigation efforts within the district of Puna. PGV provided an initial contribution of $60,000 toward the fund with an annual contribution of $50,000 thereafter. The State of Hawai‘i also made an 2 EXHIBIT C