Lawmakers Rejected A Bill To Bail Out HECO. Now What?

May 1, 2024 · HECO’s continuing push for the new credit line follows a failed bid for legislative approval that would have given HECO the ability to issue up to $2.5 billion in low-interest …

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Lawmakers Rejected A Bill To Bail Out HECO. Now What?

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May 1, 2024 · HECO’s continuing push for the new credit line follows a failed bid for legislative approval that would have given HECO the ability to issue up to $2.5 billion in low-interest …

civilbeat.org

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December 19, 2024 News Read > Hawaii Free Press

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Dec 19, 2024 · Feds Waste Another $250M on Rail. Hawaii is the 5th Worst State for New Business Survival. HECO’s Shaky Credit: Utility Insiders Writing Bill for Legislators - …

hawaiifreepress.com

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Hawaii Public Utilities Commission May Release Decision Monday …

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Jun 23, 2024 · HECO needs the cash "because of the credit rating status of the Companies and the higher perceived risk to potential lenders, a direct credit ... assets. It needs a $250 million …

kitv.com

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Hawaiian Electric Secures A $250M Loan From Several Banks

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May 29, 2024 · Hawaiian Electric Industries Inc. has secured a multimillion-dollar credit line. Hawaiian Electric Company's parent company made the agreement with several banks, …

hawaiipublicradio.org

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Off The News: Hawaiian Electric Secures $250M In Credit

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May 29, 2024 · With 400 lawsuits related to last year’s deadly Lahaina fire pending, Hawaiian Electric Co.’s ability to access a pile of cash is crucial to its survival — so HECO’s recent …

allsides.com

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Off The News: Hawaiian Electric Secures $250M In Credit

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With 400 lawsuits related to last year’s deadly Lahaina fire pending, Hawaiian Electric Co.’s ability to access a pile of cash is crucial to its survival — so HECO’s recent securing of a $250 million …

hawaiinewsnetwork.com

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Plan To Bail Out HECO’s Credit Rating Would Cost Customers $48 …

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Dec 31, 2024 · Hawaiian Electric Co. customers would have to pay $4 more per month under a proposal to create a settlement fund meant to bolster the power company’s battered credit …

civilbeat.org

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Hawaiian Electric Falls After Disclosing $250 Mln Stock Offering Plan

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Sep 19, 2024 · Shares of Hawaiian Electric fell 9.7% on Thursday after the parent company of Hawaii's largest utility said it plans to sell up to $250 million worth of shares to partly fund its …

reuters.com

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Experts Predict Bankruptcy Filing For HECO Amid Lawsuits

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Aug 25, 2023 · Energy expert Marco Mangelsdorf says HECO recently maxed out its revolving credit line. "They tapped into the tune of $370 million which essentially tapped them out of …

kitv.com

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Hawaii Tourism Authority Sued Over Snorkeling Dangers After Long ...

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May 7, 2024 · The single-family home market had bigger gains, with a 26% jump in sales to 262 in April from 208 a year earlier, and a 10% rise in the median sale price to $1,100,000 from …

allhawaiinews.com

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The Hawaiian Opinion: Hawaii "Better Off" Than Most States

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Jul 26, 2009 · HECO seeks $250M line of credit, mulls asset sales, after Legislature rejects bailout bill; RFK Jr. wins access to Hawaii ballot; $1B pledged for new fiber links in Pacific, …

hawaiianopinion.blogspot.com

FAQs about Lawmakers Rejected A Bill To Bail Out HECO. Now What? Coupon?

Will Heco get a $250 million credit line?

HECO is trying to secure a $250 million credit line to help pay for operations. (Cory Lum/Civil Beat/2022). The new credit line would give HECO some breathing room as it faces more than 200 lawsuits alleging it started the fires that killed 101 people and destroyed much of Lahaina. ...

Can Heco use money owed as collateral to fund operations?

The move, if approved by the Hawaii Public Utilities Commission, would allow HECO to use money owed by customers and other parties as collateral to establish lines of credit to fund operations, the company said in its application to the PUC. ...

Why is Heco pushing for a new credit line?

HECO’s continuing push for the new credit line follows a failed bid for legislative approval that would have given HECO the ability to issue up to $2.5 billion in low-interest bonds secured by a new fee on customers. ...

Does Heco need approval for a short-term credit line?

HECO told regulators it doesn’t need their approval to establish an initial short-term credit line, but it does need approval for its proposal to sell accounts receivable — essentially money owed to HECO — which are considered utility assets. ...

Will Heco run accounts receivables and credit line through a 'bankruptcy remote' entity?

With the potential for bankruptcy lurking, HECO is planning to run the accounts receivables and credit line through a “bankruptcy remote” special purpose entity to protect lenders. ...

When does Heco expect a PUC decision?

HECO said it expects a PUC decision by June 24. In recent months, the utility said it was working on a credit line to help support its financial ability to deal with litigation following the Aug. 8 Maui wildfires, as well as wildfire risk mitigation on other islands. ...