- American City Business Journals•last month
Hawaiian Electric Co. has terminated its deal with a subsidiary of Fortis Inc. that called for the Canadian electric and utility gas giant to supply the state’s largest utility with liquefied natural gas as a replacement for oil starting in 2021, HECO said Tuesday. The deal was contingent on regulatory approval of NextEra Energy Inc.’s (NEE) $4.3 billion acquisition of Hawaiian Electric, which did not happen. The Honolulu-based utility withdrew its application for regulatory approval of its LNG deal with Fortis Hawaii Energy Inc. along with plans to upgrade its Kahe Power Plant to use natural gas and a waiver from competitive bidding to upgrade the plant.
- Bloomberg•3 months ago
ASR Nederland NV raised 1.02 billion euros ($1.2 billion) in an initial public offering, allowing the Dutch government to recoup some of the money it spent on bailing out the insurer’s parent, Fortis, ...
- American City Business Journals•3 months ago
Hawaiian Electric Co. has reached an agreement with a subsidiary of Fortis Inc. for the Canadian electric and utility gas giant to supply the state’s largest utility with liquefied natural gas as a replacement for oil starting in 2021. The deal, which involves building a combined-cycle power plant that would be able to utilize LNG at its Kahe Power Plant in Leeward Oahu, is contingent on state regulatory approval of NextEra Energy Inc’s proposed $4.3 billion acquisition of Hawaiian Electric. A decision on the deal by the Hawaii Public Utilities Commission could come soon.
Fortis Inc. (FRTSF)
Other OTC - Other OTC Delayed Price. Currency in USD
|Day's Range||32.37 - 32.37|
|52wk Range||32.37 - 33.41|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||21.06|
|Avg Vol (3m)||5,450|
|Dividend & Yield||1.17 (3.61%)|