NextEra Energy Inc., which is based out of Juno Beach, Florida, has just announced that they will purchase Hawaiian Electric Industries Inc for $4.3 billion. NextEra is currently the nation's largest generator of wind and solar power, and has stated that they will help Hawaii reach its goal of becoming less dependent on imported fossil fuels for power generation. Hawaiian Electric will keep its name and will continue to be based in Honolulu. NextEra also promised that there will be no layoffs for the next two years.
Government officials have been cautiously optimistic about this new development. Governor David Ige commented, "The state of Hawaii will do its due diligence to ensure the sale will be in the best interest for Hawaii ratepayers. Since Hawaiian Electric Company, Inc. was founded by King David Kalakaua, the state will work to maintain the spirit and values that are consistent with the King's legacy and honors our culture for future generations." U.S. Senator Mazie Hirono added, "The decision to combine with NextEra Energy and spin off ASB deserves careful scrutiny on behalf of Hawaii consumers and residents."
Source: Honolulu Star Advertiser, 12-4-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
