NextEra, Hawaiian Electric line up backers for their proposed merger

HONOLULU and JUNO BEACH, Fla., Feb. 1, 2016 /PRNewswire/ — NextEra Energy, Inc. (NYSE: NEE) and Hawaiian Electric Industries, Inc. (NYSE: HE) (HEI) today announced that support for the companies’ proposed merger continues to increase, as evidenced by the more than 50 different groups that have voiced support for the transaction, including most recently, the Hawaii Business Roundtable.

“We’re extremely pleased that so many broad and diverse interests from throughout Hawaii, from small businesses to organized labor and large organizations, have expressed strong support for the combination of our two companies and the significant benefits it will bring to Hawaii,” said Eric Gleason, president of NextEra Energy Hawaii. “Hawaii is a special place, particularly where it concerns clean energy, and we look forward to continuing to engage with customers and communities as we work to deliver a more affordable, renewable energy future.”

“We are grateful for all the support we continue to receive for the proposed merger,” said Alan Oshima, Hawaiian Electric’s president and chief executive officer. “This merger will deliver significant benefits to our customers, employees, and communities. With its renewable energy expertise, technological know-how, and financial strength, NextEra Energy is the right partner to help us realize the clean energy future we all want for Hawaii.”

The following chambers of commerce, labor unions, local companies and community organizations have voiced support for the proposed merger:

Most recent:

  • ACW Ventures
  • Aloha Surf Academy
  • Betsill Brothers LLC
  • Blue Hawaiian Helicopters
  • Elite Parking
  • Energy Excelerator
  • Hawaii Business Roundtable
  • HIFG Hawaii Facilities Group
  • Ho’okipa Transportation
  • Island Flooring Company Inc.
  • Kaiuli Energy
  • Makaha Valley Country Club
  • Makani Nui Associates LLC
  • Maui Innovation Group LLC
  • Mountain View Dairy
  • Nā Hōkūwelo
  • Native Hawaii Hospitality Association
  • Olomana Golf Club
  • Pacific Links Hawaii
  • Royal Hawaiian Golf Club
  • Smith Wong Projects

Already voiced support:

  • Hawaii State AFL-CIO
  • Hawaii Construction Alliance
  • Building Industry Association (BIA) – Hawaii
  • International Union of Bricklayers and Allied Craftworkers Local 1
  • Hawaii Regional Council of Carpenters
  • Operative Plasterers’ and Cement Masons’ Local 630
  • Chamber of Commerce Hawaii
  • Hawaii Island Chamber of Commerce
  • Chinese Chamber of Commerce of Hawaii
  • Filipino Chamber of Commerce of Hawaii
  • Hawaii Korean Chamber of Commerce
  • Japanese Chamber of Commerce & Industry of Hawaii
  • Kaua’i Chamber of Commerce
  • Kapolei Chamber of Commerce
  • Moloka’i Chamber of Commerce
  • Hunt Companies
  • International Brotherhood of Electrical Workers (IBEW) Local 1186
  • International Brotherhood of Electrical Workers (IBEW) Local 1260
  • International Brotherhood of Electrical Workers (IBEW) Local 1357
  • KTA Superstores
  • L&L Hawaiian Barbecue
  • Makai Ocean Engineering
  • Nalo Farms
  • Navy League Honolulu Council
  • Pacific Resource Partnership
  • Partners in Development Foundation
  • Stanford Carr Development
  • United Public Workers Local 646
  • Wai’anae Coast Community Foundation

NextEra Energy, Inc.

NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $17.0 billion, approximately 44,900 megawatts of generating capacity, which includes megawatts associated with non-controlling interests related to NextEra Energy Partners, LP (NYSE: NEP), and approximately 13,800 employees in 27 states and Canada as of year-end 2014. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are Florida Power & Light Company, which serves approximately 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. 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 in the top 10 worldwide for innovativeness and community responsibility as part of Fortune’s 2015 list of “World’s Most Admired Companies.” For more information about NextEra Energy companies, visit these websites:  www.NextEraEnergy.comwww.FPL.comwww.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 andHawaii, 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.