MidAmerican Energy Services, owned by Warren Buffet's Berkshire Hathaway, may acquire Hawaiian Electric Industries if NextEra Energy's proposed $4.3bn bid is not approved by regulators, according to the state's Democratic Representative, Chris Lee. The deal would create a new utility in Hawaii, which has been without power since January and could be able to provide electricity for up to 200,000 homes within two years.
MidAmerican Energy Services, owned by Warren Buffet's Berkshire Hathaway, may acquire Hawaiian Electric Industries if NextEra Energy's proposed $4.3bn bid is not approved by regulators, according to the state's Democratic Representative, Chris Lee. He also suggested that opposition to the purchase of Hawaiian utilities stemmed mostly from concerns among local residents and businesses that already-high electricity prices would rise further purely to line the pockets of Mainland companies and their shareholders.