This working paper evaluates the financial and operational risks of utilizing Liquefied Natural Gas (LNG) as a transitional power source for Oahu. While the proposals from the state energy office report forecast ratepayer savings, our review indicates these figures are highly sensitive to volume throughput and unrealistic baselines. We argue that the capital intensity of LNG infrastructure creates structural rigidity or “lock-in” that conflicts with the variability of a high-penetration renewable grid. The paper demonstrates that a “Direct Renewable Investment” strategy (Solar + Battery Storage) provides superior capital efficiency, avoids fuel price volatility, and eliminates the risk of stranded assets in the post-2040 transition.