| Market Capitalization (Millions $) |
1,116 |
| Shares
Outstanding (Millions) |
110 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
3,651 |
| Net Income (TTM) (Millions $) |
189 |
| Cash Flow (TTM) (Millions $) |
183 |
| Capital Exp. (TTM) (Millions $) |
424 |
Hawaiian Electric Industries Inc
Hawaiian Electric Industries, Inc. (HEI) is a public utility holding company headquartered in Honolulu, Hawaii. The company operates through two subsidiaries: Hawaiian Electric Company, Inc. (HECO) and American Savings Bank, FSB (ASB). HECO is the largest utility company in Hawaii, where it generates and distributes electricity to over 95% of the population. ASB is the third largest bank in Hawaii, with over 50 branches across the state.
HEI was founded in 1891, and has a long history of providing reliable and affordable energy services to the people of Hawaii. The company has developed a diversified fuel mix, consisting of renewable and non-renewable sources, to ensure energy security for the state. HECO operates a mix of power plants, including coal, oil, natural gas, and renewable energy sources such as wind, solar, hydro, and geothermal. In 2020, HECO generated over 3,600 gigawatt-hours (GWh) of electricity from renewable sources, which is equivalent to 33% of its total electricity generated.
HEI has also implemented various programs to promote energy efficiency and conservation among its customers. These programs include rebates for energy-efficient appliances, lighting, and HVAC systems, as well as demand response programs that incentivize customers to reduce their energy usage during times of peak demand.
Aside from its energy business, HEI has a strong presence in the financial industry through its subsidiary, ASB. The bank offers a range of financial products and services, including personal and business banking, home loans, and investment services. ASB has been recognized for its commitment to the community, supporting various nonprofit organizations and initiatives in Hawaii.
Overall, Hawaiian Electric Industries, Inc. is a vital part of Hawaiies economy, providing essential energy and financial services to the people of the state. The company has demonstrated a commitment to sustainability and community development, and continues to evolve in response to changing energy and financial trends.
Company Address: 1001 Bishop Street Honolulu 96813 HI
Company Phone Number: 543-5662 Stock Exchange / Ticker: NYSE HE
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87.9 %