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+--- Thread: New HEI subsidiary buys 60MW power plant (/showthread.php?tid=18780)
New HEI subsidiary buys 60MW power plant - leilanidude - 09-21-2017
https://www.bizjournals.com/pacific/news/2017/09/20/new-hei-subsidiary-buys-60-megawatt-big-island.html?ana=yahoo&yptr=yahoo
So after being denied by the PUC to buy it outright, they created a wholly owned subsidiary and bought it anyway...
"Pacific Current, a newly created subsidiary of Hawaiian Electric Industries (NYSE: HE), has reached an agreement with ArcLight Capital Partners to buy Hamakua Energy Partners' 60-megawatt power plant on the Big Island for an undisclosed price."
RE: New HEI subsidiary buys 60MW power plant - punaticbychoice - 09-21-2017
Better to be expanding Geothermal than this.
Another waste that we will have to pay for.
Who benefits from this?
The question is rhetorical.