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NextEra Energy, Hawaiian Electric to discuss upcoming merger

By Staff | Apr 2, 2015


HONOLULU – NextEra Energy Inc. and Hawaiian Electric Company Inc., Hawaii Electric Light Company Inc. and Maui Electric Company Limited (collectively referred to as Hawaiian Electric), subsidiaries of Hawaiian Electric Industries Inc., last week announced that the companies will host a series of open house informational meetings across Hawaii to introduce residents to NextEra Energy, discuss the companies’ pending merger and give members of the public an opportunity to provide input directly to company officials.

The Maui open house meetings will be held from 5 to 8 p.m. on April 7 at the Maui Electric Company Auditorium in Central Maui and Kihei Community Center, and April 8 at Lahaina Civic Center.

“Since we announced our merger late last year, we’ve been gratified at the reception we’ve received as well as the high level of interest in this important topic for Hawaii,” said Eric Gleason, president of NextEra Energy Hawaii LLC.

“NextEra Energy shares Hawaiian Electric’s vision of increasing renewable energy, modernizing its grid, reducing Hawaii’s dependence on imported oil, integrating more rooftop solar energy and, importantly, lowering customer bills. We recognize that addressing Hawaii’s energy challenges requires Hawaii-specific energy solutions, and that is why we look forward to meeting with and listening to residents across Hawaii. The meetings will provide us with the opportunity to receive valuable feedback while allowing residents to learn more about NextEra Energy and the significant near- and long-term benefits this merger will deliver to Hawaiian Electric customers and the State of Hawaii.”

“In selecting NextEra Energy as our partner, we will join a company that shares our community and environmental values, has a proven track record of lowering electric bills, is the world’s largest generator of renewable energy from the wind and sun, and is committed to rooftop solar in Hawaii,” said Alan Oshima, Hawaiian Electric’s president and chief executive officer.

“We can’t imagine a better match to help us accelerate the clean energy transformation we all want for Hawaii. We hope our customers will take the opportunity to meet members of the NextEra Energy team and learn firsthand why NextEra Energy is the right partner to help us achieve a cleaner and more affordable energy future for Hawaii.”

At each open house meeting, senior leaders and other employees from NextEra Energy and Hawaiian Electric will be available to discuss NextEra Energy’s track record of increasing renewable energy, lowering customer bills, creating innovative solutions for modernizing the grid and supporting local communities, as well as all the expected benefits from the proposed merger with Hawaiian Electric.

For more information on the transaction, visit www.forhawaiisfuture.com.