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Market-based IRPs: A new paradigm for grid planning?
Utility Dive: Last summer, Hawaiian Electric was in need of a paradigm shift.
State utility regulators had just begrudgingly accepted the utility’s five-year power supply plan, but the proceeding — stretching nearly four years — had been a slog.
Hawaii regulators had rejected two of the utility’s previous Power Supply Improvement Plans (PSIPs), and specifically did not “approve” the third iteration — only “accepting” it so HECO could take advantage of expiring federal tax breaks for renewable energy.
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