Sunday, May 11, 2008

Molokai Ranch seeking to ‘dispose of’ its water utility

By Kate Gardiner
5/7/2008 8:52:11 PM

At Monday's meeting of the Molokai Action Team — appointed by Governor Linda Lingle to seek solutions to the island's long-term economic challenges — the group changed its focus.
Instead, team leader and the Hawaii Office of Planning director Abbey Mayer revealed details about the operations of Molokai Properties Limited, its subsidiaries and water on Molokai's West End.
Mayer said the Ranch approached the state of Hawaii Public Utilities Commission, which licensed the Ranch as a public utility for two water companies and a sewage company. He says the Ranch wants to "dispose of" all of its water and sewage utilities.
Molokai Ranch operates another unregulated water company and two unregulated sewage companies. Combined, these companies, subsidiaries of Molokai Properties Limited, operate the water systems for Kualapu'u, Kaluakoi and Maunaloa.
The only apparent entities that would be willing to take over the six companies are...

Read More...