In July of 2022, with approval from the Hawaiʻi Public Utilities Commission, ownership of Hawaiʻi Gas was successfully transferred from Macquarie Infrastructure Holdings, LLC to an affiliate of Argo Infrastructure Partners, LP. We are confident that the change in ownership will prove to be good for customers, good for Hawaiʻi Gas employees and good for our state. While the benefit to the state and our employees continues to be a long-term commitment, we are happy to announce that our utility customers will already realize one of benefits of the sale.
As a condition of the sale, HawaiʻiGas has committed to provide a $7 million rebate to its utility customers over a 9-year period. The $7 million will be provided to utility customers in the form of a monthly credit for each active account. We’re conveniently calling this the Hawaiʻi Gas Utility Customer Appreciation Credit!