Tag Archive | "nextera"

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PUC votes to not approve Hawaiian Electric, NextEra merger

In a 2-0 decision, the Hawaii Public Utilities Commission dismissed without prejudice the Hawaiian Electric Companies and NextEra Energy’s merger.

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Hawaiian Electric Industries to be purchased by Florida based NextEra Energy for $4.3B

The transaction, which is valued at approximately $4.3 billion, includes the assumption of $1.7 billion in HEI debt and excludes HEI’s banking subsidiary. In connection with the agreement, HEI separately today announced a plan to spin off ASB Hawaii, the parent company of American Savings Bank.

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