Of the shares voted, 90% were in favor of the merger, easily exceeding Hawaii’s 75% legal requirement that publicly held companies must obtain “supermajority” approval of at least 75% to proceed with a merger.
"The approval marks another significant milestone in our efforts to accelerate Hawaii's clean energy transformation by bringing the expertise and resources of NextEra Energy to our state to achieve even higher levels of renewables and lower energy costs for our customers," says Jeff Watanabe, chair of the HEI board.
Shareholder
