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quote:
Originally posted by pahoated
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!"
Hau' oli la hanau
King David La'amea Kamanakapu'u Mahinulani Nalaiaehuokalani Lumialani Kalkaua . November 16, 1832 - January 20, 1891
King David valued the commercial and industrial prosperity of his kingdom highly. He was a true sovereign,a servant of what he wanted to be a happy, prosperous and progressive people. To prove this he sailed to San Francisco and then Washington D.C to work out the “Reciprocity Treaty” also known as the “Concession of 1875” for the power of the foreigner was greatly increased to the detriment of the native Hawaiian . The Reciprocity Treaty allowed Hawaiian products to be sold in the United States without customs or duties. The treaty was signed in Washington D.C.on January 30, 1875, and ratified by the U.S. Senate on May 31, 1875.The US has always seen Hawaii as a place in the middle of the ocean necessary for defending America’s interests both military and commercial applying the Monroe Doctrine when neccessary. An example can be seen in the actions of US government at the time.
General Schofield first visited Hawaii in 1872 to look for a harbor suitable for a coaling station he sent a secret report to the Secretary of War recommending Pearl Harbor this was the first step toward annexation and this world-class anchorage and coaling station was given to the U.S. Navy for its use in 1887 as part of the Sugar Reciprocity Treaty that was ammended in the Bayonett Constituion of 1887. The story will be told for half truths can only end in falsehoods. Conspiracies can only be successful with the cooperation of the press. See how it works?
Now put this in perspective as to the Panic of 1873 which was three years into the “Long Depression” This will give motivation for ANNEXATION.
Remember King David was a Oxford educated monarch.
The only reason I go here is because HEI and NEE go to a lot of trouble to tell how the king approved of their company why is that so important the king was deceased when the partnership was formed? Anyhow I am working on my next powerpoint that will show the unhealthy alliance that will be formed if HEI and NEE are allowed to merge.
November 16,1886 Electrification of the palace. The next year the king power was taken away.Hum
The last public appearance of the last King of Hawaii was to celebrate his birthday he would leave the end of November 1890 never to see his kingdom again.
PS Pohoated I notice you like to quote me, but you have difficulty quoting me exactly. You saw fit to share quote:
Originally posted by RJ Hampton
Today 124 years ago HECO incorporated October 13, 1891
HECO is like a hooker selling her assets.
Yet clearly I wrote “Today 124 years ago HECO incorporated October 13,1891
HECO is like a hooker selling her assets. She got them so she sells them but she still has them. So she sells them again and again.”[ ]
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Emotion-blinded predetermined scapegoating isn't any assistance to the community. It has been repeatedly pointed out that Hawaiian Electric came about because of the situations of the times, not a grand master plan by Satan through his faithful followers, the faceless demon "corporation". One thing about forming and reinforcing such child-like biased views of corporations results in total ignorance about how they actually operate. They are only as good or as bad as the people within them, the same with any human invention. Having to constantly regress over very basic knowledge that should have been acquired in elementary school is probably a bigger problem for Puna than whether Nextera takes over Hawaiian Electric.
"Aloha also means goodbye. Aloha!"
*Japanese tourist on bus through Pahoa, "Is this still America?*
Posts: 216
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quote:
Originally posted by pahoated
Emotion-blinded predetermined scapegoating isn't any assistance to the community. It has been repeatedly pointed out that Hawaiian Electric came about because of the situations of the times, not a grand master plan by Satan through his faithful followers, the faceless demon "corporation". One thing about forming and reinforcing such child-like biased views of corporations results in total ignorance about how they actually operate. They are only as good or as bad as the people within them, the same with any human invention. Having to constantly regress over very basic knowledge that should have been acquired in elementary school is probably a bigger problem for Puna than whether Nextera takes over Hawaiian Electric.
"Aloha also means goodbye. Aloha!"
I am not being emotional. I am telling a story about a business and a king who was trying to take care of business by starting a public utility but some haole businessmen hijacked the king's vision and the kingdoms investments and started a company called Hawaii Electric. I think it is high time that it was given back and no matter of ridicule or falsification of history and fact can make it more than what it was corporate thievery. These men put a gun to the king's head and stole his power and his kingdom. I think America owns them more than an apology and America can start by giving them back their utility's of gas and electric.
We need to work it out and not put our heads in the sand and act like it never happened. We owe it to the future generation to generate our own power just like the king intended. It's the people's business not theirs. Long live DG (decentralized generation)
P.S. Pahoated don't get so emotional. [8D] All I was doing was saying happy birthday to the King in Hawaiian and calling attention to the fact that Nov.16th is also an anniversary date to his palace being electrified in 1886 and tieing it into the HECO story. November 16th is also an anniversary date of his last public appearance at his birthday celebration before he left for San Francisco in 1890. And as to the rest? Why that's just history and it all has to do with HECO and it all has to do with W.W. Hall and how he stole the utility from the Kingdom of Hawai'i with the help of some west coast individuals that would soon be known as PG&E.
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Today November 18th is an important date in the HEI/NEE merger. This is the day when HEI decided there was nobody in the world for them than NEE.
"The HEI board met on November 18, 2014, together with management and representatives of J.P. Morgan and Skadden. Following an update from management on the status of negotiations with NEE, the independent directors met in executive session with representatives of J.P. Morgan and Skadden, without HEI’s management being present. Representatives of J.P. Morgan updated the HEI board with respect to its valuation analyses of HEI’s utility and bank businesses. J.P. Morgan also described for the independent directors the process undertaken by management in negotiating the proposed transaction and the process undertaken by J.P. Morgan for purposes of rendering a fairness opinion. Following discussion, the independent directors engaged in a detailed discussion with representatives of J.P. Morgan and Skadden regarding how HEI’s shareholders and other constituencies would benefit from the terms of the proposed transaction with NEE. The independent directors also discussed again the advisability of contacting third parties who might be interested in a transaction with HEI, with the conclusion that there was a very low likelihood of there being any such interested parties or that such outreach would result in a superior proposal, and that, in any event, the draft merger agreement preserved the ability of the HEI board to consider superior offers in the event that any interested parties were to emerge following execution of the merger agreement. At the conclusion of the executive session, the HEI board engaged in further discussion of the proposed merger with management."
How did this come to be? Well let me see if I can put it into simple layman's terms for those who may not be up on the story.
April 29 2014 HECO submitted a Integrated Resource Plan (IRP). The regulators looked at it and saw it was clearly inadequate so the PUC issued 4 regulatory orders and the PUC produced a white paper that outlined where HECO should be headed.
What must be remembered is HEI & NEE are no strangers to each other they have been working on energy projects(solar,wind.undersea cable and recently battery storage in Hawaii since 2011. What's interesting is this holding company came into existence in 2010.
So now reason it. HECO submits a plan.... PUC says it will not achieve the Hawaii's renewable goals and here are four orders and a white paper that tells you how we want to see the future evolve so get busy.It is a fact that that Mr. Robo made the first advances he said he could "offer operational expertise and access to capital to HEI's utility that would mean benefits to both."
Of course Ms. Lau had to be relieved to have a way out. That's just the way it is in the "golden land of opportunity" get a failing grade at planning a company's future and then sell it when you can't deliver leaving the rate payers in the dark about the cost of energy rates and what it's going to cost them to realize the savings.
What must be remembered that HEI a holding company created by HECO to meet the future of renewable energy in 1983. Thirty two years later...hum
Today they(HECO) will be rewarded by telling all of us that there is no one but NEE for HE
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RJ, don't order me around.
Sacred Feces! It suddenly all came together.
Demonize profit as bad and nonprofit as good. By anthropomorphic projection, the mechanism of capitalism is humanized. The people that do this go on to be totally ignorant about the mechanism since they know they are dealing with a demon, not a machine.
Demonize corporation as bad and association as good. By turning the corporation into a demon, then it no longer becomes necessary to learn and know what a corporation is, how they work, or even what it means. A corporation is a group of people acting as a single entity --legally--. An association is a group of people that are in agreement. To some, this means conspiracy.
Finally figured out PW Punatic Persnickety Pessimism. It isn't a disease, it is the kool-aid of choice.
"Aloha also means goodbye. Aloha!"
*Japanese tourist on bus through Pahoa, "Is this still America?*
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it is the kool-aid of choice
Works way better if you snort the powder directly instead of mixing it with water to make a beverage.
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quote:
Originally posted by kalakoa
it is the kool-aid of choice
Works way better if you snort the powder directly instead of mixing it with water to make a beverage.
The reference is to Jim Jones and he added a powder, cyanide. Rob doesn't think cults are relevant to Hawaii but Jim Jones got his final calling in Hawaii, just as David Koresh got his final calling in Hawaii. All wrapped around this Moses cult.
The Nextera merger with Hawaiian Electric is basically down to the PUC. Of course, HE is in favor of it. For the PUC, it will narrow down to Nextera, can it make a commitment to the state alternative energy goals first, then determine if the merger is in the best interests of the customers. Ultimately, the profits go to Florida. If it is disapproved, it goes back to Hawaiian Electric, business as usual but with the position now known it is for sale and what price.
"Aloha also means goodbye. Aloha!"
*Japanese tourist on bus through Pahoa, "Is this still America?*
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Of course, HE is in favor of it. For the PUC, it will narrow down to Nextera
Dress your cult in nice suits, add a few million dollars, suddenly it's a respectable Corporate Board of Directors -- unless the money is public, then it's a Commission.
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When I was looking into this topic of the merger I found this interview makes for good reading if you're serious about
understanding the motivation of each company wanting to combine.
http://services.corporate-ir.net/SEC/Doc...SW5jLnBkZg==
[url][/url]
As far as the kool-aid remarks very timely seeing November 18 was the anniversary of Jonestown.
May we never forget that day. Just a side note please don't go off on me it's Sunday.
This article gives a lot of good info too.
https://ilsr.org/report-renewable-hawaii/[url][/url]
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RJ, we know who you are because you are always losing it in public. To now be the director of chill, is just more LOL at Punatic psychos.
OK, go ahead and order me around. Who was your slave last year?
This is so weird, to see a corporation merger between Nextera and Hawaiian Electric turn into this strange, gunky, personal, misconstrued mess of perception at the street level. It has been pointed out repeatedly that the cost of electricity in Hawaii is coupled to the commodity price of oil. This simple little fact has been, and continues to be deliberately ignored by the Punatic blockheads. Instead, it all goes off into a dozen different directions of conspiracies and greed, subjugation of the common people, and whatever nonsense comes out of the crack and meth pipes. More than half the electricity being provided from oil fired plants is so mundane. You can't get a good high from facing that right? Yeah, crack and meth fantasies of corporate corruption, and unbridled human greed, that gets the old crack and meth juices flowing.
The reality is much more rational. HE has had difficulty meeting the state goals for alternative energy. They provided a new plan. The PUC didn't like the plan and reprimanded HE. HE got an offer from Nextera around the same time. HE agreed to the offer, now the share holders have agreed to the offer, and the electrical unions have now agreed to the offer. The PUC now has to decide for or against the merger, based on -rational, non emotion filled- reasons. It will depend on Nextera providing a plan to the PUC within the next few weeks, whether state alternative energy goals can be met. If yes, then PUC will probably agree to the merger. If not, the PUC may not approve. From there, it goes to the courts and we find out why so many locals get law degrees.
"Aloha also means goodbye. Aloha!"
*Japanese tourist on bus through Pahoa, "Is this still America?*
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