Analysts: NextEra Deal Less Likely
Bloomberg聽analysts says the uphill battle in Hawaii may make the Florida-based company walk away from the $4.3 billion merger.
The $4.3 billion merger deal between Florida-based NextEra Energy聽and聽Hawaiian Electric Industries is looking less likely to go through, analysts said in a Tuesday.
The Hawaii Public Utilities Commission聽in March聽finished more than a year of public hearings and a quasi-judicial process of reviewing the proposal. A final decision is expected this summer.
Analysts suspect NextEra may be looking to forget the “uphill battle in Hawaii” and instead buy Texas-based utility , Bloomberg .
Gov. David Ige’s administration and two dozen intervening parties in the PUC docket have opposed the merger, questioning its benefits to Hawaii and whether NextEra is committed to the state’s goal of 100 percent renewable energy.
NextEra spokesman Rob Gould declined to comment Tuesday on the analysts’ thoughts on the deal being less likely to go through, as did Hawaiian Electric spokesman Darren Pai.
Read the full Bloomberg story .
