Hawaii regulators recently rejected the $4.3 billion acquisition of Hawaiian Electric Co. by NextEra Energy Inc., and it was a relieving moment for many Maui residents, including Mayor Alan Arakawa who opposed the deal. His primary reasons being that Hawaii money would be going to Florida, where NextEra is based, and that outsiders would be likely to run into difficulties managing our unique and nuanced energy systems. After all, ours is the only island chain state in the nation, so things work differently here in many ways.
[Full Story: Hawaii PUC Rejects NextEra Acquisition of HECO]
Comments (0)Subscribe to CommentsComment