HEI-NextEra merger approved

[leilanidude]

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Originally posted by pahoated

quote:

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Originally posted by leilanidude

Ultimately, the profits go to Florida.
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@pahoated.

If you think this, you are very misinformed. Where do you think the profits go to that HEI makes? Do you not realize that those profits go to shareholders, who are located all over the world?

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Shares get dividends, not profits. Share value may go up due to profits but HE is fixed to 5% over investment cost. The biggest shareholders are in Honolulu, as well the highest paid in the company. After expenses and investment in the company, profits can be disbursed as bonuses and pay increases. Considering I said over a year ago, that this will be a year long process, it is about 75% through. The steps being taken are very simple business negotiations directed by the PUC. Next, the PUC will present the state goals for alternative energy, Nextera will present their plan, HE already failed with their plan and are doing a revision. Punatics always want a fast climax but Hawaiian style is about slow and easy.

"Aloha also means goodbye. Aloha!"

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Wrong again, pahoated!

Profits are distributed in the form of dividends and the largest shareholders are not "in Honolulu" as you claim. Furthermore, profits are what is left after bonuses are paid out, not before. Third, anything left after dividends is called "retained earnings" which is used for investments back into the company.

Please take a look at the top 20 shareholders and tell me how many are "in Honolulu"?

http://investors.morningstar.com/ownersh....html?t=HE