Takeover of Hawaiian Electric

Hawaii has several

. For example, Hawaiian Electric pays a 5.2% yield and trades at 14.5 times forward earnings. The company provides 95 percent of energy to Hawaii residents.

Today, it was announced that company called called

is in the process of making an offer to buy Hawaiian Electric Industries (

), the large Hawaiian utility that generates its electricity from a wide range of

, including wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and even sugarcane. Kuokoa Inc. is a start-up company that claims to have funding from three banks.