10-12-2015, 06:09 PM
HEI NEE merger approved
These two holding companies have agreed to combine, the transaction is valued at 4.3 billion with assumption of 1.7 billion HEI's debt. The merger excludes HEI's banking subsidiary. HEI is the parent of American Savings Bank. What a history this bank has... oh never mind that[
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I thought it might be helpful to look at the details of the merger up close and personal. For those who have not. There is a lot of information to be had here. This is what they presented to the shareholders.
http://www.sec.gov/Archives/edgar/data/7...m846219_32
One thing that really stands out is the role natural gas is to play in their plan.The Governor has thrown a monkey wrench into the plan.[
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http://www.bizjournals.com/pacific/news/...says.html#
Plus NextEra doesn't even agree with the goal Hawaii's 100% renewable energy by 2040 they say 65% is more realistic.
These two holding companies have agreed to combine, the transaction is valued at 4.3 billion with assumption of 1.7 billion HEI's debt. The merger excludes HEI's banking subsidiary. HEI is the parent of American Savings Bank. What a history this bank has... oh never mind that[
]I thought it might be helpful to look at the details of the merger up close and personal. For those who have not. There is a lot of information to be had here. This is what they presented to the shareholders.
http://www.sec.gov/Archives/edgar/data/7...m846219_32
One thing that really stands out is the role natural gas is to play in their plan.The Governor has thrown a monkey wrench into the plan.[
]http://www.bizjournals.com/pacific/news/...says.html#
Plus NextEra doesn't even agree with the goal Hawaii's 100% renewable energy by 2040 they say 65% is more realistic.