Support for Proposed Merger of NextEra Energy and Hawaiian Electric Industries Grows
More Than 25 Organizations and Companies Across Hawaii Representing a Variety of Interests Believe Merger is in the Best Interest of Hawaii
News Release from NextEra and HEI
JUNO BEACH, Fla., and HONOLULU – Nov. 30, 2015 - NextEra Energy, Inc. (NYSE:NEE) and Hawaiian Electric Industries, Inc. (NYSE:HE) (HEI) today announced that support for the companies’ proposed merger continues to grow at a steady pace, as evidenced by the more than 25 diverse groups that in recent weeks have voiced support for the transaction.
“As we continue to listen, learn and constructively engage with customers and communities throughout the state, we are extremely pleased to see so many diverse and important stakeholders – from organized labor such as the AFL-CIO and IBEW to business leaders and organizations including multiple chambers of commerce – all echo their support in recognition of the significant and tangible benefits this merger will bring to Hawaii,” said Eric Gleason, president of NextEra Energy Hawaii. “The support we have received from these organizations, alongside our recent agreements with the Department of Defense and the Honolulu Board of Water Supply, further strengthens our belief that NextEra Energy is the right partner to help Hawaiian Electric achieve Hawaii’s 100 percent renewable portfolio standard by 2045, while integrating more rooftop solar, modernizing the electric grids and lowering customer bills.”
“We are thankful and pleased to see so many Hawaii residents and local groups across our state publicly lend their support for the merger of NextEra Energy and Hawaiian Electric,” said Alan Oshima, Hawaiian Electric’s president and chief executive officer. “With its comprehensive commitments to our customers and our communities, NextEra Energy stands ready to be a strong, long-term partner as we work together to build a more affordable, clean energy future for Hawaii.”
The following chambers of commerce, labor unions, local companies and community organizations have voiced support for the proposed merger in recent weeks:
- Hawaii State AFL-CIO
- Hawaii Construction Alliance
- Building Industry Association (BIA) - Hawaii
- International Union of Bricklayers and Allied Craftworkers Local 1
- Hawaii Regional Council of Carpenters
- Operative Plasterers’ and Cement Masons’ Local 630
- Chamber of Commerce Hawaii
- Hawaii Island Chamber of Commerce
- Chinese Chamber of Commerce of Hawaii
- Filipino Chamber of Commerce of Hawaii
- Hawaii Korean Chamber of Commerce
- Japanese Chamber of Commerce & Industry of Hawaii
- Kauai Chamber of Commerce
- Kapolei Chamber of Commerce
- Molokai Chamber of Commerce
- Hunt Companies
- International Brotherhood of Electrical Workers (IBEW) Local 1186
- International Brotherhood of Electrical Workers (IBEW) Local 1260
- International Brotherhood of Electrical Workers (IBEW) Local 1357
- KTA Superstores
- L&L Hawaiian Barbecue
- Makai Ocean Engineering
- Nalo Farms
- Navy League Honolulu Council
- Pacific Resource Partnership
- Partners in Development
- Stanford Carr Development
- United Public Workers Local 646
- Waianae Coast Community Foundation
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