HPUC Deal Rejection Means American Savings Bank Spinoff Is Scrapped

After years of deliberations and studies, Hawaii’s Public Utilities Commission (the ‘HPUC’) recently ruled against NextEra’s (NEE) proposed takeover of local utility Hawaiian Electric (HE). The commission concluded that NextEra ‘failed to prove its plans for HECO would be good for the state’ and it wasn’t convinced it would ultimately benefit Hawaii’s consumers. A big sticking point appeared… Read More »