“It’s been a long road these past two years for the people at Hawaiian Electric with a lot of hard work put into trying to close this deal. We have a great deal of respect for their efforts. As to why this transaction did not close, we leave the reading of those tea leaves to others.
As far as HIEC, we will continue to maintain open and friendly communication with HEI management and contribute where we can to advocate for the best interests of the residents of the Big Island. We have said in our public filings on the docket that we believe exploring a cooperative alternative for Hawaii Island is in the best interests of our community, and we stand ready to begin that process at any time.”
–Statement attributed to Marco Mangelsdorf, HIEC Director & Spokesperson
P.S. Here’s a summary of the PUC’s decision and order
Media digest of this decision:
Honolulu Star-Advertiser – PUC rejects NextEra’s purchase of Hawaiian Electric
KHON 2 – PUC denies HECO-NextEra merger in 2-0 vote
Pacific Business News – Hi regulators shoot down $4.3B NextEra-HECO deal