Congratulations to our favorite Hawaiian client, Hawaiian Island Energy Cooperative – the Hawaiian Public Utilities Commission has voted to reject NextEra’s offer to acquire Hawaiian Electric Industries. They’ve been working hard for a long time to achieve this result.
The Hawaii Island Energy Cooperative is a non-profit cooperative association formed by community and business leaders on Hawaii Island to explore the potential merits of a community-based, cooperative ownership structure for electric utility service on the Big Island. HIEC is also exploring how other energy sectors, such as transportation, can be transformed to be more sustainable and environmentally-friendly.