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HEI-NextEra merger approved
#51
quote:
Originally posted by RJHampton

Today 124 years ago HECO incorporated October 13,1891
HECO is like a hooker selling her assets.

Typical East coast emotionally twisted view.

"And just five months later - on October 13, 1891 - the co-partnership was dissolved and Hawaiian Electric was incorporated, with total assets of $17,000 and William W. Hall as its first President."

The overthrow was in 1893, two years later. HECO was completely endorsed by Kalakaua. He viewed it mainly for residential lighting but the descendants of the missionaries saw giant oil-fired power plants increasing plantation output. The oil-fired and diesel power plants were so huge, there was excess to power the company villages, with the company stores, and the company housing. The more the availability, the more housing. The more housing, the more people, the more businesses.

There was no giant crafted evil scheme for HECO. HECO is about as wille-nille as any network can be laid out. What rock head Punatics associate with evil, is poor efficiency. It still remains for Nextera to show what they bring to the table but they are already saying they can't meet the state goal of 100% alternative energy. PUC is going to have to go down a pro-con checklist and determine if it is more positive for the customers.

"Aloha also means goodbye. Aloha!"
*Japanese tourist on bus through Pahoa, "Is this still America?*
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#52
I believe HECO has nothing to sell in that they do not legally own the electric utility. When it was formed under the Kingdom of Hawaii, the Kingdom did not grant the electric rights to HECO. They kept it for the benefit of the Hawaiian people. No charter was ever granted to HECO by the King. So technically the people of Hawaii have all rights to take over the electrical utility. Let's make sure this happens.
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#53
should not delay or reject the transaction to include the consideration of municipal or cooperative utilities

For some reason I read emphasis on the second part: delays (or rejection) are fine, as long as it's not for a reason that benefits the public -- if NextEra needs to sponsor more "studies" or host a "conference" for the "lawmakers" to better "understand" ... those delays would be acceptable.
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#54
Hawaii Tribune Herald Oct 25 2015:
Support the HE-NextEra Energy merger by Barry Taniguchi

"Hawaii’s electric grid needs investment and improvement. This is a significant undertaking that requires a level of capital that simply does not exist in Hawaii. NextEra Energy has the financial resources necessary to invest in the grid, power plants, smart meters and Hawaiian Electric’s employees."

SMART METERS!
I typed in a google search and got the following suggestions :
Radiation,
Florida Power and Light smart meters
Brain tumors microwaves smart meter,
Explode,
Fires,
Snopes,
Surveillance,
Dangers.

WOW! These things are spooky.

I have grave doubts about inundating the populous with radiation, even if it is for a good cause, like inflating someones executive bonus.

I also have doubts about:
Radiation,
Brain tumors microwaves smart meter,
Explode,
Fires,
Snopes,
Surveillance,
Dangers.
Unless of course these things are happening to someone else and I am making a profit from them. That seems to be the ethical standard America operates under today.
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#55
I have a smart meter at my cabin on the mainland !

The COOP can turn my appliances off during peak load times and I can look at my usage on the internet.

The really scary thing is they can also track all of you just because you are involved in this topic !
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#56
All the PUC is saying is, "Focus, people, focus!".

The issue is the merger. Yes or no? Why? And these have to be grown up reasons, not preschool descriptions of purple dinosaurs.

Here is the PUC, trying to get the customers' inputs, and there is a long line of sociopaths that criticize and demonize every aspect of modern life, unable to say anything for more than two minutes before drifting off into some psycho-schizo babble monologue.

Agree to approve the merger or not. Then, move on from there with all the psycho-babble issues.

"Aloha also means goodbye. Aloha!"
*Japanese tourist on bus through Pahoa, "Is this still America?*
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#57
"Focus, people, focus!" Agree to approve the merger or not.

"Just answer the question. Let's not get distracted with facts or details. Did you, or did you not stop beating your wife?"
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves
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#58
move on from there with all the psycho-babble issues

I can hardly wait for the circus that is "smart meters".
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#59
The NextEra merger is being promoted as something for nothing. The question is for who.

An interesting read:
"Hold onto your wallets, because Florida Power and Light is about to rack up another giant bill that customers will end up paying for."
http://earthjustice.org/blog/2015-november/florida-power-and-light-wants-expensive-boondoggle?utm_source=crm&utm_content=oldFormat_button&curation=ebrief
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#60
Right now, FPL is among the corporate giants bankrolling a Constitutional amendment for the 2016 ballot that would crush independent companies who want to put affordable rooftop solar on Florida homes.

I'm sure that would never happen here -- NextEra will need that capacity (ha, ha).
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