By Henry Curtis

Ku’oko’a announced that it wanted to buy Hawaiian Electric Industries (HEI), the owner of three of the four electric utilities in the State: HECO (O`ahu County), MECO (Maui County) and HELCO (Hawai`i County).

Ku’oko’a plans to sell off HEI’s American Savings Bank and focus on replacing HECO’s, MECO’s and HELCO’s diesel and petroleum  generators with new geothermal facilities.