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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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http://www.dallasnews.com/business/energ...illion.ece
EFH buys two Texas power plants from NextEra for $1.59 billion
I find this interesting in that local opposition to NextEra seems to be focused upon the plans that NextEra has for promoting renewable energy, trying to claim that NextEra cannot possibly come though on the promises. Yet this statement from NextEra, seems to say otherwise, although not directly mentioning Hawaii.
“We view this transaction as a significant positive, further de-risking NextEra Energy’s business model,” Michael Worms, a New York-based analyst for BMO Capital Markets, said in a note to clients Friday. “We would expect proceeds from the sale to be applied toward the continued build out of its renewables backlog.”
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quote:
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?
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!"
*Japanese tourist on bus through Pahoa, "Is this still America?*
Posts: 4,240
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quote:
Originally posted by pahoated
quote:
Originally posted by leilanidude
Ultimately, the profits go to Florida.
---------
@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?
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!"
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
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http://www.hawaiitribune-herald.com/news...r-hearings
It's almost (not quite) "who's on first":
"Did anyone from (parent company Hawaiian Electric Industries) or HECO undertake an analysis of the risk for ratepayers?" Gorak asked in one exchange.
"I don't think we perceive a risk for ratepayers," Oshima replied.
"It's your testimony there is no risk whatsoever to ratepayers through the approval of the merger?" Gorak shot back.
"There may be, but that's the purpose of this (regulatory) process, to ferret out the risks," the HECO president replied.
I'm suddenly wondering why there's no Native Hawaiians protesting the merger, given that electricity includes geothermal sources, and geothermal is desecration....
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quote:
Originally posted by leilanidude
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
Look, the issue was profit and greed, Punatic pundits bellowing it is all about individual greed. Individuals only own about 1% of Hawaiian Electric shares. The link is showing mutual funds and institutions own 99% of HE shares. Most of the individual shareholders live in Hawaii.
Yes, *some* profit goes to dividends, if the stock pays dividends. This is going to be difficult for somebody that hasn't a clue about Economics 101: profit is cash. The major profitable corporations are making huge profits=cash on hand.
https://www.google.com/#q=corporation+ca...+microsoft
Apple has $203 billion in cash. Why?
http://www.forbes.com/sites/timworstall/...5-billion/
If Microsoft Has $92 Billion In Cash Then Why Has It Just Borrowed $10.75 Billion?
Now, back to Hawiian Electric. They are allowed a 5% profit by the PUC, and this year, they are not going realize that. HE is projecting about a 1.5% profit due to the cost of the merger plus the cost of alternative energy. However, if you do the research, you will see HE cash on hand has grown to over $500 million, from past years where they had less than $100 million.
Why? If people that live in Hawaii never get it through their heads that the price of oil is the main factor where Hawaiian electricity is concerned, then there will never be understanding. HE is collecting cash because they are paying that much less for oil.
Alternative energy is not like a gold rush. It is risky and expensive. This is the main reason Nextera is interested in HE. Nextera is struggling to grow profits because of their investments into alternative energy. HE looks very attractive, with growing cash on hand as oil-based systems are gradually phased out.
http://www.wsj.com/articles/nextera-prof...1446034945
NextEra Profit Misses Expectations
But revenue grew a better-than-expected 6.4%
HE is saying they don't have the local expertise to meet the state's alternative energy goals by the dates specified. Nextera is saying they can do a better job which will result in lower rates for customers. However, Nextera is also saying they can't meet the state's goals.
The problem with emotion-driven analysis is you are always looking at things through the tears in your eyes, everything is all blurry and fuzzy. Like I said, there are now going to be detailed financial analysis hearings and this was just posted to the news.
http://khon2.com/2015/11/30/puc-holds-fi...ra-merger/
What is going to happen is those individual shares owned by Hawaiian locals will be bought out or exchanged for Nextera shares. The Nextera CEO, CTO, CFO, president, vice-president, vice-vice-president, the whole upper management will most likely not be living in Hawaii. They will be spending their money in Florida. Which goes right back to the profits will be going to Florida, not Hawaii. Maybe Constance Lau is spending most of her money on properties in Vegas and LA, so the net cash flow is still to the mainland. It would be better if Hawaiians could own their own electric utility but it has been over 30 years that Hawaiians have said they just don't want electricity at all.
"Aloha also means goodbye. Aloha!"
*Japanese tourist on bus through Pahoa, "Is this still America?*
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HE cash on hand has grown to over $500 million
Which cash is an "asset" for the acquiring interest, less any "overhead" (golden parachutes).
it has been over 30 years that Hawaiians have said they just don't want electricity at all.
Ignoring (for the moment) the hurdles those people face if they truly want to live off-grid ... everyone still needs to shop, and stores are powered by electricity, especially where fresh meat or produce (or just cold beer!) are concerned -- from Walmart all the way down to Da Store.
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It would be better if Hawaiians could own their own electric utility but it has been over 30 years that Hawaiians have said they just don't want electricity at all.
Are you running for President? County Council? Because, this quote sounds like a soundbite from any number of the folks currently running for office.
All it needs is your promise to sponsor a bill (the first day on the job!) which will provide government subsidies for the construction of an electric utility that benefits your constituents who don't want electricity at all, either now, then, or in the future. You'll win by a landslide.
"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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I know it's yesterday's news ( I would have told you yesterday but my computer was down) old now, but I thought I would let you all know that NextEra Energy Resources, plans to Build, Own and Operate Solar Energy Systems for U.S. Navy in Hawaii. NextEra Energy Resources LLC said Tuesday it will move ahead a 17-megawatt solar project on three Hawaii military installations on the island of Oahu, a project the wholesale power generator acquired as part of a deal in October. [url]http://www.bizjournals.com/pacific/news/2015/12/02/nextera-to-take-over-solar-farm-developments-at.html
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The project, which is expected to be finished by the end of 2016, will consist of one ground-mounted, fixed-tilt solar-energy system, three carport solar-energy systems and 10 rooftop arrays. A subsidiary of NextEra aims to begin construction in February 2016
Very interesting. I know Mr. Robo must be very excited, what a contract, 25-year power purchase agreement.! How ya gonna keep um down on the farm these guy are on a roll.
NextEra powering 100 percent renewable data centers
[url]http://www.smartgridnews.com/story/nextera-powering-100-percent-renewable-data-centers/2015-12-01
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NextEra Energy is also the parent company of Equinix, Inc., a global interconnection and data center company, has signed a power purchase agreement (PPA) with an affiliate of NextEra Energy Resources, LLC, to purchase wind energy from the Rush Springs Renewable Generation Facility located in Grady and Stephens Counties, Oklahoma. Equinix extended its operations in 2012, when it announced partnerships to enter the Dubai, UAE and JAKARTA, Indonesia markets.
Early in 2015, Equinix opened five new data centers on four continents, which increased the company's global data center footprint to more than 10 million square feet and were billed by the company as a significant expansion of its interconnection capacity.
Also in 2015, Equinix converted to a real estate investment trust (REIT) in a move to gain tax advantages and enhance shareholder value by offering a regular dividend.
In addition, Equinix acquired the professional services company Nimbo in 2015 as part of a broader effort to develop its professional services business to assist customers in planning and executing their data center migrations and advancing their network and hybrid cloud strategies. Equinix announced at the end of May 2015 that it would acquire British company Telecity in a deal worth £2.35 billion. November 13th 2015, European Commission grants clearance for Equinix offer to acquire Telecity.
NEXTERA WORKS WITH HAWAIIAN CATTLE COMPANY ON WIND ENERGY DEVELOPMENT
[url]http://www.elp.com/articles/2015/01/nextera-works-with-hawaiian-cattle-company-on-wind-energy-development.html
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Parker Ranch Partners with NextEra Energy Resources [url]http://parkerranch.com/parker-ranch-partners-with-nextera-energy-resources/
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Busy cowboys I'm goanna go chill you should do the same Pahoated[8D]
"Politics is the Science of Citizenship"
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