Where HECO ends up will only be known in the coming months, but it is worth reflecting if utilities, especially those at a higher risk to catastrophic events are at the right size and scale to drive efficiency and pull the right operating levers, while injecting the capital needed to upgrade and maintain their grid at affordable rates to their customers. Wonder what would have happened if the NextEra-HECO merger from 2016 went through and was not blocked by the PUC. It is worth for small and mid-size utilities and their regulators to a take a hard look at consolidating.
Consolidation
