#next era hawaii
NextEra, HEI: Pre-Merger Waiting Period Expires
NextEra Energy Inc. and Hawaiian Electric Industries Inc. today announced the expiration of the mandatory, pre-merger waiting period in connection with the companies’ proposed merger that was announced in December 2014.
Sierra Club ‘Underwhelmed’ by NextEra-HEI Merger Rebuttal
Although NextEra Energy Inc. and Hawaiian Electric provided additional, extensive details on NextEra Energy’s plans for its merger with HEI, promising of a total of nearly $1 billion in customer savings and economic benefits to the state, Sierra Club of Hawai‘i says NextEra falls short, adding that the Sierra Club and Earthjustice are “underwhelmed” by the merger rebuttal.
Environmental Groups Commend Ige for Fossil Fuels Opposition
Two of the state’s leading environmental advocacy groups, Sierra Club and Earthjustice, have commended Gov. David Ige’s statement today opposing plans to import and burn fossil gas in the islands.
Consumer Advocate Recommends Rejection of NextEra Merger
The Division of Consumer Advocacy of the state Department of Commerce and Consumer Affairs filed its testimony yesterday, recommending that the Public Utilities Commission reject the $4.3 billion NextEra Energy Inc.-HECO Companies merger as proposed, calling the purported benefits illusory and inadequate.
Gov. Ige, Mayor Arakawa Oppose HEI-NextEra Energy Merger
During a press conference held this afternoon, Gov. David Ige expressed the state’s opposition to the proposed NextEra Energy Inc. purchase of Hawaiian Electric Industries and is recommending the state Public Utilities Commission reject the deal as it is currently proposed.
HEI Shareholders Approve Merger with NextEra Energy
Hawaiian Electric Industries Inc. said today that its shareholders have approved the merger agreement with NextEra Energy Inc. announced Dec. 3, 2014. Approximately 90 percent of shares voted were in favor of the proposed merger.
