The Navy, on behalf of the Department of Defense has bowed out of the regulatory review of NextEra Energy Inc.’s proposed $4.3 billion acquisition of Hawaiian Electric Co., and now supports the deal, according to public documents. The DoD said it has entered into an agreement with the two companies because they have addressed the concerns raised by the DoD. These issues included customer benefit and rate commitments, such as securing rate credits for all ratepayers, local management and governance…

Topics:  navy   department   defense   nextera energy   hawaiian electric co   the dod   dod   supports   rate   

 

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