Annual report to the twenty-second legislature regular session of 2004 : geothermal royalties

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2003-11
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Department of Land and Natural Resources, State of Hawaii
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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"
Keywords
minerals, 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.
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2 pages
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