Hawaiian Electric Industries Reaffirms 2016 Earnings Guidance - Quick Facts

(RTTNews) - Hawaiian Electric Industries, Inc. (HE) reaffirmed its 2016 earnings per share guidance range of $1.62 to $1.75 per share. HEI said the spin-off of American Savings Bank, which was contingent upon the completion of the combination of HEI with NextEra Energy, is not contemplated at the time.

Earlier, NextEra Energy, Inc. (NEE) and Hawaiian Electric Industries, Inc. announced the termination of their plans to merge. The decision was driven by the Hawaii Public Utilities Commission's order to dismiss the companies' merger application.

"While the merger would have provided significant benefits for Hawaii, HEI remains a strong company that is well-positioned to achieve our goals and provide long-term value for our customers, community, employees and shareholders," said Connie Lau, HEI's president and CEO and chairman of the boards of Hawaiian Electric and American Savings Bank.