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HECO has said before that HELCO is the least profitable due to the small overall population, low electric needs and usage, and high infrastructure cost due to distance and difficult terrains. From HECO and Nextera views, the merger needs to include HECO, MECO and HELCO for the $4.3B value. From the PUC and HELCO customer view, a Hawaii island utility would be self sufficient without any real need for megacorporate management, especially off-island bean counters.

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