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Forward Looking
Statements This document contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are typically identified by words or phrases such
as may, will, anticipate, estimate, expect, project, intend,
plan, believe, predict, and target and other words and terms of
similar meaning. Forward-looking statements involve estimates, expectations,
projections, goals, forecasts, assumptions, risks and uncertainties. NEE and
HEI caution readers that any forward-looking statement is not a guarantee of
future performance and that actual results could differ materially from those
contained in any forward-looking statement. Such forward-looking statements
include, but are not limited to, statements about the anticipated benefits of
the proposed merger involving NEE and HEI, including future financial or operating
results of NEE or HEI, NEEs or HEIs plans, objectives, expectations or
intentions, the expected timing of completion of the transaction, the value,
as of the completion of the merger or spin-off of HEIs bank subsidiary or as
of any other date in the future, of any consideration to be received in the
merger or the spin-off in the form of stock or any other security, and other
statements that are not historical facts. Important factors that could cause
actual results to differ materially from those indicated by any such
forward-looking statements include risks and uncertainties relating to: the
risk that HEI may be unable to obtain shareholder approval for the merger or
that NEE or HEI may be unable to obtain governmental and regulatory approvals
required for the merger or the spin-off, or required governmental and
regulatory approvals may delay the merger or the spin-off or result in the
imposition of conditions that could cause the parties to abandon the
transaction; the risk that a condition to closing of the merger or the
completion of the spin-off may not be satisfied; the timing to consummate the
proposed merger and the expected timing of the completion of the spin-off;
the risk that the businesses will not be integrated successfully; the risk
that the cost savings and any other synergies from the transaction, including
the value of a potential tax basis step up, may not be fully realized or may
take longer to realize than expected; disruption from the transaction making
it more difficult to maintain relationships with customers, employees or
suppliers; the diversion of management time and attention on merger and
spin-off-related issues; general worldwide economic conditions and related
uncertainties; the effect and timing of changes in laws or in governmental
regulations (including environmental); fluctuations in trading prices of
securities and in the financial results of NEE, HEI or any of their
subsidiaries; the timing and extent of changes in interest rates, commodity
prices and demand and market prices for electricity; and other factors
discussed or referred to in the Risk Factors section of HEIs or NEEs most
recent Annual Reports on Form 10-K filed with the Securities and Exchange
Commission (the SEC). These risks, as well as other risks associated with
the merger, are more fully discussed in the definitive proxy
statement/prospectus that is included in the Registration Statement on Form
S-4 that NEE has filed with the SEC in connection with the merger. Additional
risks and uncertainties are identified and discussed in NEEs and HEIs
reports filed with the SEC and available at the SECs website at www.sec.gov.
Each forward-looking statement speaks only as of the date of the particular
statement and neither NEE nor HEI undertakes any obligation to update or
revise its forward-looking statements, whether as a result of new
information, future events or otherwise.
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