NextEra purchase of Hawaiian Electric denied by state regulator

NextEra Energy Inc.’s $2.63 billion bid to purchase Hawaiian Electric Industries Inc. was rejected by a state regulator.

The Hawaii Public Utilities Commission issued its decision in a statement late Friday.

To contact the reporter on this story: Mark Chediak in San Francisco at mchediakbloomberg.net To contact the editors responsible for this story: Lynn Doan at ldoan6bloomberg.net Stephen Cunningham