NextEra

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NextEra Steps Into the FirstEnergy Void in Ohio, and at a Discount to Ratepayers

John Funk for the Cleveland Plain Dealer: The Northeast Ohio Public Energy Council, or NOPEC, has approved a three-year contract with NextEra Energy Services Ohio, a subsidiary of Florida-based NextEra Energy Resources, to supply power to some 500,000 Northeast Ohio consumers and small businesses. NOPEC made this decision10 days after current supplier FirstEnergy Solutions canceled […]

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Skeptical of NextEra’s Intentions, Hawaii Rejects Utility Takeover

Mark Chediak for Bloomberg News: Analysts had been skeptical about the Hawaiian Electric takeover gaining state approval given that Governor David Ige, a Democrat, had questioned NextEra’s commitment to the state’s goal of reaching 100 percent renewable power by 2045. On June 29, Ige appointed Thomas Gorak as commissioner, whom analysts said could be more […]

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Hawaii Consumer Advocate Office Continues to Oppose Utility Merger

The Hawaii Consumer Advocate, which is taking part in the regulatory review of NextEra Energy Inc.’s proposed $4.3 billion acquisition of Hawaiian Electric Co., reiterated its opposition to the deal, according to public documents. In its pre-hearing brief filed with the Hawaii Public Utilities Commission this week, the Consumer Advocate, which has been opposed to […]

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NextEra’s Takeover in Hawaii Is in Doubt

Kathryn Mykleseth for the Honolulu Star Advertiser: Approval of the application looks more doubtful than before since Gov. David Ige, as well as every state agency involved in the PUC review process outside of the final decision-maker, has come out in opposition of the $4.3 billion deal. The state consumer advocate said Monday that the […]

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Push in Hawaii for Publicly Held Utility Rather Than Takeover by NextEra

Herman K. Trabish for Utility Dive: More than 40 state and local lawmakers called for further study of publicly held utilities last week as local opposition continues to the proposed $4.3 billion acquisition of Hawaiian Electric Industries (HEI), parent of the state’s dominant electric utilities, by NextEra Energy. The Hawaii Public Utilities Commission (PUC) will […]

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NextEra Steps Up Its Charity Giving in Hopes of Gaining Approval for Hawaii Takeover

Julia Pyper for Green Tech Media: Accelerated smart-meter deployment, updated emergency-response plans, and more charitable giving are some of the 50 new commitments NextEra Energy has made as part of its $4.3 billion proposal to buy out Hawaiian Electric Industries. The Florida-based energy giant made the promises in a filing submitted Monday to the Hawaii […]

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NextEra Wants Hawaii’s Electric Company, but That’s Not What Hawaiians Want

A Proposed Takeover Would Cede Control to an Off-Island Conglomerate, Reduce Local Accountability and Probably Derail the State’s Renewable Energy Agenda

NextEra Energy’s proposed takeover of Hawaiian Electric Company is running into serious, well-grounded opposition—and for good reason. In July, the governor of Hawaii weighed in against the deal, along with Hawaii’s Office of Planning and the state’s Department of Business, Economic Development and Tourism. More recently, Hawaii’s Division of Consumer Advocacy—a state agency charged with […]

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Hawaii Paper Doubts NextEra’s $1 Billion Promise

4-Traders.com from the Honolulu Star-Bulletin: NextEra Energy Inc.’s assertion last week that its proposed purchase of Hawaii’s largest electric utility would bring $1 billion in customer savings and economic benefits — up from its previously estimated $60 million — needs careful examination, and healthy skepticism. The super-sized statement came just a day after state Consumer […]

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