Kaua'i Island Utility Cooperative

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 2/03/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 2/08/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 2/15/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 2/18/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 2/21/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 2/25/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 3/05/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 3/10/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 3/12/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 3/31/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 4/07/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 4/28/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 5/15/03

Kaua‘i Island
Utility Cooperative
Lihue, Kauai, HI - 6/02/03

P R E S S
R E L E A S E
Contact: Anne Barnes
808.246.4383
anne@kiuc.coop
KIUC Nominating Committee Selected
FOR
IMMEDIATE
RELEASE
7/31/03
Lihue, Kauai, HI - 7/31/03 - In accordance with KIUC's By-laws, a Nominating
Committee has been appointed to select individuals to run for three (3) director positions
on the nine-member Board of Directors for KIUC. The individuals serving on the
Nominating Committee; Mary Lou Barilla, Jerry Gibson, Wanda Shibata, Turk Tokita,
and Walt Barnes, will recommend individuals as nominees for the 3 available seats.
These individuals will be on the ballot for the September 27, 2003 election.
KIUC Members who wish to be considered by the Nominating Committee should submit
a one-page resume and letter of interest by August 8, 2003, addressed to KIUC
Nominating Committee, 4463 Pahee Street, Lihue, HI 96766-2032. The Committee will
review the qualifications of interested candidates and announce their selection of
nominees on August 13, 2003.
A Director is one of nine (9) elected representatives of the members of KIUC who
collectively constitute the Board of Directors. The Board of Directors governs the
business and affairs of KIUC and is generally concerned with the broad courses of
action to be followed by the utility and not involved in the day-to-day utility operations.
Qualified KIUC Members may also be nominated by collecting 35 signatures of other
members (electric account holders) in good standing and submitting a completed
Member Petition to the Nominating Committee no later than September 2, 2003. All
candidates with valid petitions will be placed on the ballot for the September 27, 2003
election. If you have questions or would like additional information please go to
www.kiuc.coop or contact KIUC’s election hotline at 246-4383.

Kaua`i Island
Utility Cooperative
4463 Pahe`e Street, Suite 1
Lihue, HI 96766-2032
Telephone: (808) 246-4300
www.kiuc.com
KIUC Reaches Agreement to Purchase Power Plant
Lihu`e, Kaua`i, HI – 8/05/03 - Kaua`i Island Utility Cooperative is pleased to announce that is has executed a
Purchase and Sale Agreement to acquire the 26.4 megawatt power plant owned by Kauai Power Partners, LP,
an affiliate of Dominion Resources, Inc. The agreement has the unanimous support of the Board of Directors of
KIUC and has a contract purchase price of $40.2 million dollars. Approval by the Hawai`i Public Utilities
Commission is required for the purchase.
“We have completed our due diligence on all fronts; legal, financial, valuation, engineering and environmental,”
said Alton Miyamoto, President and CEO of KIUC “and we feel certain we have made the best decision for our
members.”
The purchase of the plant replaces the 25-year contract under which KIUC must purchase the entire energy
output of the KPP facility. The KPP plant represents over 40% of KIUC’s generation mix and has the highest
efficiency of any of KIUC’s generating plants.
P R E S S R E L E A S E FOR IMMEDIATE RELEASE
Contact: Anne Barnes
808.246.4383
anne@kiuc.coop
“This purchase is an incredible achievement for our members. It will save KIUC members approximately $40
million dollars over the next 25 years, after paying principal and interest on the purchase, as compared to our
contract payments to KPP to purchase the power.” said Gregg Gardiner, President of the KIUC Board of
Directors. “With the purchase of the KPP plant, KIUC will achieve 34% equity in 10 years, and it increases the
margins on which our patronage capital refunds to members are calculated. ”
###
8/5/03

P R E S S
R E L E A S E
Contact: Shelley Paik
808.246.4378
spaik@kiuc.coop
KIUC Nominating Committee Makes Recommendations
FOR
IMMEDIATE
RELEASE
8/12/03
Lihue, Kauai, HI - 8/12/03 - In accordance with KIUC's By-laws, an appointed Nominating Committee
made nominations of members to run for election as directors on the nine-member Board of Directors. The
Nominating Committee; Mary Lou Barela, Walt Barnes, Jerry Gibson, Wanda Shibata, and Turk Tokita
recommended the following individuals: Raymond W. Paler, Scott N. Giarman, Jim Mayfield, Gregg
Gardiner and Earl S. P. Smith. Each of these individuals will be on the September 27 ballot.
Each candidate submitted a resume and letter of interest for consideration and review. The Committee
reviewed the qualifications of interested candidates on August 11, and made their selections. “I was
impressed with the candidates we selected and would like to thank everyone who took the time to apply for
the director positions,” said Walt Barnes, committee member, “each would be a great asset to the Board
and to the community.”
A Director is one of nine (9) elected representatives of the membership who collectively constitute the
Board of Directors, which governs the business and affairs of KIUC and is generally concerned with the
broad courses of action to be followed by the utility. The Board is not involved in the day-to-day operations
of the utility.
Mary Lou Barela, also a committee member, remarked, “I am pleased with the list of nominees and
have every confidence that each challenge will be met with integrity and the highest standard of
excellence."
Qualified KIUC Members may be nominated by collecting 35 signatures of other members (electric account
holders) in good standing and submitting a completed Member Petition to the Nominating Committee no
later than 4:30 p.m. on September 2, 2003. All candidates with valid petitions will be placed on the ballot
for the September 27, 2003 election. If you have questions or would like additional information please go to
www.kiuc.coop or contact KIUC’s election hotline at 246-4378.
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