HI HCR227

Request that the Public Utilities Commission thoroughly review NextEra Energy, Inc.'s proposed acquisition of Hawaiian Electric Industries to protect ratepayer interests and the state's economy.

Direct the PUC to evaluate whether the transaction benefits ratepayers, provides affordable rates, improves service reliability, and enhances Hawaii's clean energy goals.

Require assessment of NextEra's fitness to operate Hawaiian Electric Companies, including examination of the company's history of opposing solar competition and leveraging political influence in Florida.

Urge the PUC to establish safeguards preventing cross-subsidization of affiliates, protecting ratepayers from financial risks, and maintaining adequate regulatory authority over Hawaiian Electric Companies.

Request the PUC submit findings and recommendations, including proposed legislation, to the House by twenty days before the 2017 Regular Session convenes.