The Federal Energy Regulatory Commission (FERC) approved a proposed merger between NextEra Energy (NYSE: NEE) and Hawaiian Electric Industries (NYSE: HE).
The two companies announced plans for a $4.3 billion merger in December 2014. Approvals remain from the Hawaiian Public Utilities Commission, HEI shareholders, the spinoff of ASB Hawaii and other regulatory approvals and other customary conditions. Hawaiian Electric will continue to be headquartered in Honolulu and will operate under its current name.
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