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Hawaiian Electric Company takeover plan is dead

By Star-Advertiser staff

LAST UPDATED: 11:23 p.m. HST, Jan 30, 2013

Ku'oko'a Inc. had a big idea to buy Hawaiian Electric Industries and convert the state's main utility rather quickly to generate only renewable energy at a savings to consumers.

But that effort is dead.

Most executives and board directors have left the roughly 2-year-old company, including two of its three co-founders.

The company no longer intends to pursue buying Hawaiian Electric, but will continue efforts to help reduce Hawaii's dependence on renewable energy, according to Aaron Landry, Ku'oko'a's chief operating officer.

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atilter wrote:
hmmmm - any more details? or is this some trailer to a non-movie? if no deal, what's the big news? a boring news day?
on January 30,2013 | 04:55PM
goodday wrote:
The people that wanted to buy the company probably wanted to make money off the company. There's no way making money and fulfilling a dream of only renewable energy would have have happened
on January 30,2013 | 06:16PM
jomama wrote:
Dear Advertiser staff, Not to tell you how to do your business, but readers would probably appreciate a few more details. Which 2 founders left? What happened to the business plan? How does Kuokoa intend to reduce energy dependence? Was it all a scam to start with?
on January 30,2013 | 07:56PM
dfroning808 wrote:
Ummmm. I think they mean "reduce Hawaii's dependence on NON renewable energy". Don't you think? I'd sure hate to be dependent on renewable energy.
on January 30,2013 | 09:20PM
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