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Doesn't this still require PUC final approval? And there is no PUC chair right now? Agreed, spinning off American Savings Bank is good for the utility customer. It means PUC doesn't have to have a group to oversee the bank, the bank is not limited to a 5% profit, and the PUC would still have audit authority for the part that is in energy investment and financing. For the short term, ASB might be in trouble because they were financing mortgages in Lava Zone 2 and many thousands of those are going to go "underwater" with the ongoing eruption and moratorium on homeowner insurance, quickly reducing the value of homes by 50% or more. So, it's good ASB won't drag down the electric utility. Seems like PUC chair would be high on the priority list about now. Please find somebody that is technically qualified.

I read somewhere that NextEra's Florida utility is opposed to net metering and tries , in general, to discourage consumer generated power. I can't remember that source but for more details there is this CleanTech article: http://cleantechnica.com/2014/12/05/nextera-energy-merges-hawaiian-electric-gains-foothold-nations-best-energy-test-bed/

On the surface, NextEra is a big supporter of net metering. Florida Power & Light is one of their subsidiaries and they have the rules on their site. One requirement is that equipment list must be from recognized manufacturers, and that a utility control cutoff switch be installed, neither which are a requirement in Hawaii -- yet. The rules do make a lot of practical sense.
http://www.fpl.com/residential/savings/pdf/interconnection_and_net_metering_rule.pdf

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