S&P lowers outlook for HEI, HECO - Sacramento Business Journal:

http://www.recoverysolutionsmag.com/issue_v1_e3_h3.asp
Standard & Poor’s said Hawaii is “exhibitinf decidedly recessionary trends,” and that its dependence on touriskm to drive the loca economy could mean the state will be more severely affected bythe recession. “The negativr outlook assigned to HEI reflects the potentialk for consolidated credit metrics to fall below our benchmarksa over our outlook horizon dueto Hawaii’s weakeningy economy, which is expected to lowedr electric sales by 4 percent or more and put upwarde pressure on borrowing requirements,” S&P , a subsidiary of HEI, is ratedd on a standalone basis and is not affectedc by the lowered outlook.
Shares of Hawaiian Electrix stock weredown 1.6 percent to $16.95.