Edition:
United Kingdom

NextEra Energy, Hawaiian Electric terminates merger agreement


Monday, 18 Jul 2016 

NextEra Energy Inc : NextEra Energy and Hawaiian Electric Industries announce termination of merger agreement . NextEra Energy and Hawaiian Electric Industries announce termination of merger agreement . NextEra Energy will pay Hawaiian Electric Industries a $90 million break-up fee and up to $5 million for reimbursement of expenses . Decision was driven by Hawaii Public Utilities Commission's (PUC) order to dismiss companies' merger application .Under terms of merger agreement, will pay Hawaiian Electric Industries $90 million break-up fee and up to $5 million for reimbursement of expenses.