VIDEO: TJ Glauthier Says Kuokoa Plan Feasible
Taking control of Hawaiian Electric Co. is financially feasible, according to TJ Glauthier, a national leader in the renewable energy sector and board member of Kuokoa, a start-up company hoping to take the publicly traded utility private and implement a new vision of Hawaii's clean energy future.
"I think that the financing is definitely achievable," said Glauthier. "I've talked already with some investment banks in New York on a preliminary basis and I think that this is exactly the kind of thing investment banking people would really go out and raise money for."
Glauthier was the second highest ranking official at the U.S. Department of Energy during President Bill Clinton's administration. He served as the department's deputy secretary and chief operating officer. Most recently, he served on President Barack Obama's White House transition team, helping develop the energy provisions in the economic stimulus bill. He has consulted for numerous clean-tech companies and electric utilities.