FPL’s parent NextEra buys Hawaii’s biggest utility for green energy transition

While FPL wants to frack Oklahoma, its parent corp. wants to green Hawaii. Do they even talk?

Mark Chediak and Ehren Goossens, Bloomberg, 4 December 2014, NextEra Buys Hawaii’s Biggest Utility in Green Energy Test,

“You can think about Hawaii as a postcard from the future of what’s going to happen in the electric industry in the United States,” James Robo, chairman and chief executive officer of Juno Beach, Florida-based NextEra, said by phone interview yesterday. “As renewable generation gets cheaper, as electric storage becomes more efficient and possible, all electric utilities are going to have to face this.”

What’s FPL making Florida, then? A test case for the failed past?

Bloomberg says about NextEra’s Hawaii Electric purchase:

Including debt, the total value of the transaction is about $4.3 billion.

That’s not much more than FPL’s Sabal Trail pipeline boondoggle. How about cancel that pipeline and the fracking and green Florida into… the Sunshine State!

-jsq

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