April 23, 2014 9:30 PM ET

Specialty Retail

Company Overview of Hawaii Independent Energy, LLC

Company Overview

Tesoro Hawaii, LLC operates in refining, retail, and distribution of petroleum products. The company was formerly known as Tesoro Hawaii Corporation and changed its name to Tesoro Hawaii, LLC in July 2012. The company was founded in 1960 and is based in Kapolei, Hawaii. Hawaii Independent Energy, LLC was formerly known as Tesoro Hawaii, LLC. As a result of the acquisition of Tesoro Hawaii, LLC by Hawaii Pacific Energy, LLC, Tesoro Hawaii, LLC's name was changed. As of September 25, 2013, Hawaii Independent Energy, LLC operates as a subsidiary of Hawaii Pacific Energy, LLC.

91-325 Komohana Street

Kapolei, HI 96707

United States

Founded in 1960

Phone:

808-547-3111

Fax:

808-547-3145

Key Executives for Hawaii Independent Energy, LLC

Hawaii Independent Energy, LLC does not have any Key Executives recorded.

Hawaii Independent Energy, LLC Key Developments

Tesoro Hawaii Corp. Begins Layoffs of First 165 Employees

Tesoro Hawaii Corp. is proceeding with its first round of layoffs, nearly two weeks earlier than it anticipated. Lance Tanaka, spokesman for Tesoro Hawaii, told PBN that 'some' of the 165 employees scheduled for layoffs due to the transition of its Kapolei refinery into an import, storage and distribution terminal received their two-week layoff notices. The company is still in discussions with potential buyers of its Kapolei assets, including the refinery portion, which has been 'mothballed' in case a buyer emerges from the discussions. The first wave of employees will be laid off between June 17 and June 21. A second and final group of employees that was previously scheduled for layoffs has been put on hold, at least for now. In a letter to the state Department of Labor and Industrial Relations, Tesoro Hawaii said that its employees would be laid off during a 14-day period beginning on June 14 with a second group scheduled for layoffs during a 14-day period starting on June 28 and a third group that could be laid off on July 12. Employees originally were going to be laid off on April 30, but conversations with a potential buyer made the company extend that date.

Tesoro Hawaii Plans to Layoff 165 Workers, If No Buyer Found for Refinery

Tesoro Hawaii has filed a second notice with state officials saying the company plans to lay off 165 workers in three phases starting June 14 at its Kapolei refinery if the company can't find a buyer for facility. Tesoro's original plan to begin layoffs on May 1 was delayed while the company negotiated with a potential buyer or buyers that would continue refining operations at the oil refinery. The company said that it has not ruled out a sale of the refinery, and that it filed the second notice with the Department of Labor and Industrial Relations to be compliant with a federal law regarding plant closures. The first wave of layoffs is tentatively scheduled to begin June 14 and last for two weeks. The second wave is scheduled to start June 28, and the third wave on July 12.

Tesoro Hawaii Corp. Delays Layoffs at Hawaii Refinery

Tesoro Hawaii Corp. said that it will hold off on laying off about 210 of its employees while the Texas-based refiner and marketer of petroleum products remains in discussions with potential buyers for its Kapolei refinery. The plan to shut down its Kapolei refinery, the large of two oil refineries in Hawaii, and the conversion of it to an import, storage and distribution terminal, is still on track to happen this week.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 17, 2013
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