Hawaiian Electric Industries Unit Sells Pacific Current Biomass Plant

Dow Jones

03-11

By Sabela Ojea

Hawaiian Electric Industries said its subsidiary Pacific Current, whose $35.2 million impairment drove its third- and fourth-quarter losses, has sold its 60-megawatt energy plant in Hamakua, Hawaii.

The company didn't disclose financial details of the sale of Pacific Current's biomass plant to a subsidiary of Harbert Management, but said the transaction isn't expected to be material to its financial statements.

The sale of the plant is a key step in the company's continuing review of strategic options for Pacific Current, which builds local partnerships and invests in clean energy.

In November, Hawaiian Electric said it was conducting a comprehensive review of strategic options for Pacific Current.

The company then said that it didn't have a timetable for its review and that it was possible no action would be taken as a result of the evaluation.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

March 10, 2025 18:49 ET (22:49 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4081","symbol_name":"电力公用事业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2518220784","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518220784","pubTimestamp":1741646940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Hawaiian Electric Industries said its subsidiary Pacific Current, whose $35.2 million impairment drove its third- and fourth-quarter losses, has sold its 60-megawatt energy plant in Hamakua, Hawaii.The company didn't disclose financial details of the sale of Pacific Current's biomass plant to a subsidiary of Harbert Management, but said the transaction isn't expected to be material to its financial statements.The sale of the plant is a key step in the company's continuing review of strategic options for Pacific Current, which builds local partnerships and invests in clean energy.In November, Hawaiian Electric said it was conducting a comprehensive review of strategic options for Pacific Current.The company then said that it didn't have a timetable for its review and that it was possible no action would be taken as a result of the evaluation.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4081":"电力公用事业","HE":"夏威夷电力"},"translate_title":"夏威夷电力工业部门出售太平洋洋流生物质发电厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HE":1},"content_text":"By Sabela Ojea \n\n\n \n\n\n  Hawaiian Electric Industries said its subsidiary Pacific Current, whose $35.2 million impairment drove its third- and fourth-quarter losses, has sold its 60-megawatt energy plant in Hamakua, Hawaii. \n\n\n  The company didn't disclose financial details of the sale of Pacific Current's biomass plant to a subsidiary of Harbert Management, but said the transaction isn't expected to be material to its financial statements. \n\n\n  The sale of the plant is a key step in the company's continuing review of strategic options for Pacific Current, which builds local partnerships and invests in clean energy. \n\n\n  In November, Hawaiian Electric said it was conducting a comprehensive review of strategic options for Pacific Current. \n\n\n  The company then said that it didn't have a timetable for its review and that it was possible no action would be taken as a result of the evaluation. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2025 18:49 ET (22:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}