Maui County

The Maui 10

Who's the county's most powerful player?

by By Anthony Pignataro

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December 08, 2005

RANK PREVIOUS COMPANY

1 1 Maui Land & Pineapple

2 2 Hawaiian Telcom

3 4 Alexander & Baldwin

4 3 Monsanto Hawai'i

5 8 Maui Electric Co.

6 6 Harry & Jeanette Weinberg Foundation

7 5 Trex Enterprises

8 7 Dowling Co.

9 10 Makena Resort

10 9 Hawaiian Commercial & Sugar Co.

Big step forward for Maui Electric Company this week: stratospheric fuel prices only mean higher prices for our favorite island utility. According to the Honolulu Advertiser, the average household rate in November was 17 percent higher than the same month last year. There's good news for giant landowner A&B, too, which just unloaded one of its office buildings in California for $20.8 million—$8 million more than what it paid to develop the property just two years ago. Carlyle Group's Hawaiian Telcom is stil nipping at Maui Land & Pineapple's considerable heels, especially with news that company CEO Michael Ruley just got named to the board of directors for the U.S. Telcom Association, a powerful telecommunications lobbying group. All those anti-cane burning articles and letters in The Maui News and Maui Weekly are just making things worse for HC&S. MTW

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