NextEra: Hawaii Electric deal to give $1 billion in benefits - Hawaii News Now - KGMB and KHNL

NextEra: Hawaii Electric deal to give $1 billion in benefits

HONOLULU (AP) - In response to a growing list of opponents of the proposed $4.3 billion merger of Hawaii Electric Industries and Florida-based NextEra Energy, NextEra officials say the deal will result in $1 billion in customer savings and economic benefits over five years.

The Honolulu Star-Advertiser reports that the company offered the number Tuesday after the state Consumer Advocate spoke against the deal Monday.

The Advocate claimed in a filing with the Public Utilities Commission that the sale is not in the public interest.

NextEra had previously said it would save customers $60 million over four years.

The deal has been publicly criticized by many, including Hawaii County, Gov. David Ige, Maui County, the state Department of Business, Economic Development and Tourism and the state office of Planning.

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