WASHINGTON (dpa-AFX) - Clean energy company NextEra Energy Inc (NEE) on Monday said the Federal Energy Regulatory Commission has given its approval to its proposed merger with Hawaiian Electric Industries Inc (HE).
The deals remains subject to approval by the Hawaii Public Utilities Commission, Hawaiian Electric shareholders, the spinoff of ASB Hawaii and additional regulatory approvals and other customary conditions.
In December, NextEra agreed to acquire smaller peer Hawaiian Electric in a deal valued at about $4.3 billion, including assumed debt of $1.7 billion.
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