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HEI and Hawaiian Electric face challenges with raising capital because of downgraded credit ratings and a downturn in HEI's stock price since the Maui disaster, which has fueled much speculation ...
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(Reuters) -Utility firm Hawaiian Electric raised going concern doubts on Friday after disclosing that it did not have a financing plan in place for the $1.99 billion Maui wildfire settlement it ...
HECO power plant at Kahe Point in West Oahu. Hawaiian Electric Industries, Inc. (HEI) is the largest supplier of electricity in the U.S. state of Hawaii, supplying power to 95% of Hawaii's population through its electric utilities: Hawaiian Electric Company serving Oahu, Hawai'i Electric Light Company serving The Big Island, and Maui Electric Company serving Maui, Lanai and Molakai.
Get unlimited access From as low as $12.95 /mo. Hawaiian Electric Industries Inc. announced Thursday that its utility subsidiary has secured a $250 million credit line subject to state regulatory ...
On December 4, 2014, NextEra Energy announced its plans to purchase Hawaiian Electric Industries for $4.3 billion. [27] However, in July 2016, Hawaii's Public Utilities Commission rejected the offer in a 2-0 vote over doubts of NextEra Energy's commitment to the state's renewable energy goal, which terminated the merger agreement. [28]
The parent company of Hawaii’s largest electrical utility might sell up to $825 million in new stock, partly to help fund a pending settlement of claims over 2023’s Maui wildfire disaster.
Hawaii electricity production by type. This is a list of electricity-generating power stations in the U.S. state of Hawaii, sorted by type and name.In 2022, Hawaii had a total summer capacity of 2,906 MW through all of its power plants, and a net generation of 9,337 GWh. [2]