New HEI subsidiary buys 60MW power plant

[leilanidude]

https://www.bizjournals.com/pacific/news...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."

[punaticbychoice]

Better to be expanding Geothermal than this.
Another waste that we will have to pay for.
Who benefits from this?
The question is rhetorical.