FERC approves NextEra & Hawaiian Electric merger

 FERC approves NextEra & Hawaiian Electric merger

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.

Subscribe to Power Engineering magazine



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...