Hawaii Regulator Exposes NextEra Settlement with DOD

Hawaii’s Public Utilities Commission has turned down a request by the U.S. Defense Department to withdraw as a party in one of the most controversial utility mergers in the state’s history — the pending $4.3 billion acquisition of Hawaiian Electric Industries by Florida-based NextEra Energy.

The commission said in a newly-issued order that it was concerned with the “un-timeliness” of the DOD’s request to withdraw, which came last November on the eve of the PUC’s evidentiary hearings into the merger, and believed that the withdrawal would

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Robert W. Welkos

Robert W. Welkos

Robert Welkos began reporting for CTFN in August of 2014. He covers utility, cable, and banking deals, among other matters and has proven adept at picking apart state regulatory processes. He was a reporter for the Los Angeles Times and shared in two Pulitzer Prizes awarded to the newspaper’s Metro staff. He has reported on numerous state and federal trials and served as the Times’ entertainment industry legal affairs writer covering Hollywood and the law. Robert was also a correspondent for the Associated Press. He is based in Los Angeles.

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