Brazen plan to buy HEI goes kaput

Among the cluster of entrepreneurs who bought into the idea were an ex-CIA director and energy officials

By Andrew Gomes

POSTED: 01:30 a.m. HST, Jan 31, 2013

~~<p>The plug has quietly been pulled on a plan by a band of entrepreneurs to buy Hawaii's $2.6 billion electric utility and convert it rather quickly to generate only renewable energy at a savings to consumers.</p>
<p>The bold — some said laughable — endeavor faltered after efforts to raise the money needed to execute the plan failed, according to one person involved, though another person involved disputed that.</p>
~~

The plug has quietly been pulled on a plan by a band of entrepreneurs to buy Hawaii's $2.6 billion electric utility and convert it rather quickly to generate only renewable energy at a savings to consumers.

The bold — some said laughable — endeavor faltered after efforts to raise the money needed to execute the plan failed, according to one person involved, though another person involved disputed that. Login for more...