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Executives from NextEra and Hawaiian Electric tell lawmakers about plans for takeover


HONOLULU — An official at NextEra Energy tells Hawaii lawmakers his company will not lay off staff if it acquires Hawaiian Electric.

NextEra Energy Hawaii's president Eric Gleason spoke to a joint panel of House and Senate lawmakers Wednesday.

The companies say if they merge they plan to reduce customers' electric bills by 20 percent in the next 15 years.

Sen. Rosalyn Baker says she wants to see quicker price reductions. She says the Legislature needs more details about the companies' plans.

The two companies announced in December that NextEra plans to acquire Hawaiian Electric.

Rep. Angus McKelvey says he wants to know whether NextEra plans to outsource customer service if the deal goes through.

Hawaiian Electric CEO Alan Oshima says it's too soon to know.

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