HONOLULU and JUNO BEACH, Fla., March
28, 2016 /PRNewswire/ -- NextEra Energy Inc. (NYSE: NEE) and
Hawaiian Electric Industries (NYSE: HE) today announced that their
proposed merger has gained the support of five Native Hawaiian
organizations.
These organizations include the Native Hawaiian Chamber of
Commerce, Native Hawaiian Hospitality Association, Imua Hawaii,
Sovereign Councils of the Hawaiian Homelands Assembly and King
Kamehameha Hawaiian Civic Club.
"We are extremely pleased that these prominent organizations
representing the Hawaiian community have concluded that our merger
is in the best interest of Hawaii," said Eric
Gleason, president of NextEra Energy, Hawaii. "We very much appreciate the
endorsement these groups have announced today and reaffirm our
commitment to helping accelerate Hawaii's 100 percent renewable energy
future."
With today's announcement, more than 70 groups and organizations
have expressed support for the pending merger of the two
companies.
"The missions of these organizations reflect the deep cultural
values of our islands and their support is a significant
endorsement," said Alan Oshima,
Hawaiian Electric president and CEO. "Partnering with NextEra
Energy, we're committed to living up to those values for
Hawaii."
The merger will provide for greater investment in Hawaii's electric grid, paving the way for
more renewable energy. NextEra Energy brings a powerful combination
of renewable energy experience, technological know-how and
financial strength necessary for developing modern smart grids,
achieving Hawaii's 100 percent
renewable portfolio standard by 2045 and delivering both short- and
long-term cost benefits to customers.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy
company with consolidated revenues of approximately $17.5 billion, approximately 46,400 megawatts of
generating capacity, which includes megawatts associated with
noncontrolling interests related to NextEra Energy Partners, LP
(NYSE: NEP), and approximately 14,300 employees in 27 states and
Canada as of year-end 2015.
Headquartered in Juno Beach, Fla.,
NextEra Energy's principal subsidiaries are Florida Power & Light Company, which serves
more than 4.8 million customer accounts in Florida and is one of the largest
rate-regulated electric utilities in the
United States, and NextEra Energy Resources, LLC, which,
together with its affiliated entities, is the world's largest
generator of renewable energy from the wind and sun. A Fortune 200
company and included in the S&P 100 index, NextEra Energy has
been recognized often by third parties for its efforts in
sustainability, corporate responsibility, ethics and compliance,
and diversity, and has been ranked No. 1 in the electric and gas
utilities industry in Fortune's 2016 list of "World's Most Admired
Companies." For more information about NextEra Energy companies,
visit these websites: www.NextEraEnergy.com, www.FPL.com,
www.NextEraEnergyResources.com
Hawaiian Electric Company
Hawaiian Electric and its subsidiaries, Maui Electric and Hawaii
Electric Light, serve the islands of O'ahu, Maui, Lāna'i, Moloka'i and Hawaii, home to 95 percent of the population
of Hawaii. Hawaiian Electric's
parent company is Hawaiian Electric Industries (NYSE: HE), which
has been named one of "America's 100 Most Trustworthy Companies
2015" by Forbes.
In a changing world, the Hawaiian Electric Companies are taking
the lead in adding renewable energy and developing energy solutions
for their customers to achieve a clean energy future for
Hawaii. For more information,
visit www.hawaiianelectric.com.
NextEra Energy Contacts
Robert L. Gould
Vice President, Chief Communications Officer
561-694-4442
Debra Larsson
Manager, Financial and Sustainability Communication
561-694-4442
Hawaiian Electric Company Contact
Lynne Unemori
Vice President, Corporate Relations
808-543-7972
Hawaiian Electric Industries Contact
A.J. Halagao
Manager, Corporate & Community Advancement
808-543-5889
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SOURCE NextEra Energy, Inc.; Hawaiian Electric Industries,
Inc.