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Annual report to the twenty-second legislature regular session of 2004 : Geothermal royalties
|Title:||Annual report to the twenty-second legislature regular session of 2004 : Geothermal royalties|
|LC Subject Headings:||Geothermal resources--Hawaii--Management--Periodicals|
Geothermal resources--Government policy--Hawaii--Periodicals
|Issue Date:||Nov 2003|
|Publisher:||Department of Land and Natural Resources, State of Hawaii|
|Citation:||2003. Annual report to the twenty-second legislature regular session of 2004 : Geothermal royalties. Honolulu (HI): Department of Land and Natural Resources, State of Hawaii.|
|Abstract:||This annual report is prepared pursuant to Section 182-18, Hawaii Revised Statutes, and covers the period July 1, 2002 through June 30, 2003. |
For Fiscal Year 2002-2003, a total of $82,295 in geothermal royalties was received from Puna Geothermal Venture (PGV). In accordance with statutory provisions, $24,688.50 (30%) and $16,459 (20%) were distributed to the County of Hawaii and the Office of Hawaiian Affairs, respectively. Geothermal royalties for Fiscal Year 2002-2003 were based on the power production and sale of 68,084.1 megawatts to the Hawaii Electric Light Company (HELCO).
In April 2002, PGV's main geothermal resource well (KS-11) became plugged, resulting in decreased steam production. This decrease resulted in reduced electrical production, reflected in the amount of royalties received in Fiscal Year 2002-2003. PGV completed a new production well in KS-5 in January 2003, which allowed PGV to resume normal electrical production levels.
|Description:||Prepared "in response to Section 182-18, Hawaii Revised Statutes"|
|Appears in Collections:||The Geothermal Collection|
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