July 16, 2015
Paniolo Power to Withdraw from Merger Docket -- KAMUELA, Hawaii, July 16, 2015 /PRNewswire/ -- Paniolo Power to Withdraw from Merger Docket
KAMUELA, Hawaii , July 16, 2015 /PRNewswire/ -- Paniolo Power Company, LLC, a subsidiary of Parker Ranch , Inc., announced that it will withdraw from the Hawaiian Electric Companies/NextEra Energy, Inc. merger docket before the Hawaii Public Utilities Commission (PUC) and will instead concentrate on the PUC's pending Power Supply Improvement Plan (PSIP) docket, which is better suited to address transformational planning issues.
"It's a strategic move," said Neil "Dutch" Kuyper, CEO of Parker Ranch , Inc. "The …