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HOUSE OF REPRESENTATIVES |
H.C.R. NO. |
9 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
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STATE OF HAWAII |
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HOUSE CONCURRENT
RESOLUTION
requesting the public utilities commission to conduct a PUBLIC hearing on the approval of the sale of hawaiian electric industries, inc.
WHEREAS, public utilities in the State are private entities that are owned by investors who are not necessarily residents of the State and are subject to purchase by other private entities; and
WHEREAS, concerns have been raised that the proposed purchase of Hawaiian Electric Industries, Inc., by Florida-based NextEra Energy, Inc., will negatively impact the State's commitment to the development of renewable energy use; and
WHEREAS, no public utility may merge or consolidate with another public utility without first securing from the Public Utilities Commission an order authorizing it to do so; and
WHEREAS, no public utility may even purchase the stock of another public utility without first obtaining from the Public Utilities Commission an order authorizing it to do so; now, therefore,
BE IT RESOLVED by the House of Representatives of the Twenty-eighth Legislature of the State of Hawaii, Regular Session of 2015, the Senate concurring, that the Public Utilities Commission is requested to hold a public hearing on the approval of the sale of Hawaiian Electric Industries, Inc.; and
BE IT FURTHER RESOLVED that certified copies of this Concurrent Resolution be transmitted to the Director of Commerce and Consumer Affairs and the Chairperson of the Public Utilities Commission.
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OFFERED BY: |
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PUC hearing