• The three utilities companies transferred to Ellison include a water company, a bus service and a wastewater utility.
• The state has reserved its right to disapprove of the purchase following a future review of the utilities transferal and has ordered Ellison to spend at least $10 million over the next five years to improve Lanai’s water systems.
• Ellison, whose purchase covers 88,000 acres of land and 3,200 people, plans to invest in Lanai to create jobs and boost the local tourism industry.

From the article:

“A Hawaii public utilities agency on Monday approved the transfer of three Lanai utilities to Oracle Corp. CEO Larry Ellison, clearing the way for his purchase of most of the island to close this week.  ..."