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November 27, 2015 9:47 AM ET

Electric Utilities

Company Overview of Hawaiian Electric Company Inc.

Company Overview

Hawaiian Electric Company, Inc., together with its subsidiaries, operates as a regulated electric public utility. The company engages in the production, purchase, transmission, distribution, and sale of electricity on the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. It serves various suburban communities, resorts, U.S. Armed Forces installations, and agricultural operations. As of December 31, 2014, it owned and operated four generating plants on the islands of Oahu with generating capability of 1,322 megawatts; four generating plants on the island of Hawaii with a generating capability of 197.1 megawatts; and two generating plants on the island of Maui with a generating capability of ...

900 Richards Street

Honolulu, HI 96813

United States

Founded in 1891

2,759 Employees



Key Executives for Hawaiian Electric Company Inc.

Chief Executive Officer, President and Director
Age: 68
Chief Financial Officer and Senior Vice President
Age: 52
Senior Vice President of Operations
Age: 67
Chairman of the Board, Chief Executive Officer of Hawaiian Electric Industries Inc, President of Hawaiian Electric Industries Inc and Director of Hawaiian Electric Industries Inc
Age: 63
President of Hawaii Electric Light Company, Inc
Age: 55
Compensation as of Fiscal Year 2015.

Hawaiian Electric Company Inc. Key Developments

Hawaiian Electric Company Inc. announced delayed 10-Q filing

On 11/09/2015, Hawaiian Electric Company Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Hawaiian Electric Company Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Hawaiian Electric Company Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenues of $648,127,000 against $803,565,000 a year ago. Operating income was $82,657,000 against $76,156,000 a year ago. Income before income taxes was $68,894,000 against $62,419,000 a year ago. Net income attributable to the company was $43,276,000 against $39,149,000 a year ago. Net income for common stock was $43,006,000 against $38,879,000 a year ago. For the nine months, the company reported revenues of $1,779,732,000 against $2,262,056,000 a year ago. Operating income was $206,454,000 against $216,890,000 a year ago. Income before income taxes was $164,568,000 against $174,711,000 a year ago. Net income attributable to the company was $103,531,000 against $109,339,000 a year ago. Net income for common stock was $102,721,000 against $108,529,000 a year ago.

Anaergia Services Files Complaint with Hawaii Regulators against Hawaiian Electric and Maui Electric over Proposed Energy Project on Maui

Anaergia Services LLC has filed a complaint with Hawaii regulators against Hawaiian Electric Co. and its subsidiary Maui Electric Co. over a proposed energy project on Maui. The projects include the Mahinahina Energy Park project, now known as Maui Energy Park, which would have been located near Maui County's Lahaina Wastewater Reclamation Facility, and a waste-to-energy project at the Central Maui Landfill in Puunene. The company filed its complaint with the Hawaii Public Utilities Commission claiming that the companies refused to accept its offer to sell and deliver renewable energy despite clear public interest benefits and energy policy goals its projects would achieve. Anaergia also said that the companies refused and failed to forward requests for preferential rates for the purchase of firm renewable energy produced from agricultural crops to the commission for approval as required by law.

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