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Stock impact report

HEI Subsidiary Sells Hawai?i Island Power Plant to Experienced Plant Operator

Hawaiian Electric Industries, Inc. (HE) 
Last hawaiian electric industries, inc. earnings: 11/1 06:00 am Check Earnings Report
US:NYSE Investor Relations: hei.com/corporateprofile
Company Research Source: Business Wire
HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE), the parent company of Pacific Current, LLC (Pacific Current), today announced the closing of the sale of Pacific Current’s 60-megawatt Hamakua Energy Plant on Hawai?i Island to a subsidiary of Harbert Management Corporation (Harbert). The transaction is not expected to be material to HEI’s financial statements.Sale of the plant is a key step in HEI’s previously announced review of strategic options for Pacific Current. The strategic review process for other Pacific Current assets is ongoing.Harbert is a longstanding owner and operator of power generating facilities, including in Hawai?i, where it has had an ownership stake in the 208-megawatt Kalaelo Read more
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