- CEO
- Shelee M. T. Kimura
- Full Time Employees
- 2,654
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 1001 Bishop Street Honolulu HI United States of America
- IPO Date
- Jan 31, 2012
- Business
- Hawaiian Electric Company, Inc. (HECO), a subsidiary of Hawaiian Electric Industries, Inc., operates as an investor-owned utility providing electric power generation, transmission, and distribution services to approximately 95% of Hawaii's 1.4 million residents across the islands of Oahu, Maui, Hawaii Island, Lanai, and Molokai through its subsidiaries Hawaiian Electric Company, Maui Electric Company, and Hawaii Electric Light Company; core offerings include fossil fuel-based power plants such as Waiau (499 MW on Oahu), Kahe (651 MW on Oahu), Maalaea (212 MW on Maui), and Keahole (78 MW on Hawaii Island), alongside renewable sources encompassing solar, wind, geothermal, biomass, hydro, and customer-sited distributed generation; the company also manages grid infrastructure, substations, energy efficiency programs, EV charging networks with recent expansions to 50 fast-charging sites following a June 2025 Hawaii Public Utilities Commission order, and customer services for residential, commercial, and governmental users. Founded in 1891 and headquartered in Honolulu, Hawaii, HECO supports Hawaii's renewable portfolio standards aiming for 100% clean energy by 2045, with 2023 renewables comprising 33% of its 10.2 TWh generation on Oahu alone. In recent developments, the parent HEI completed the April 2025 sale of Pacific Current's solar and battery storage assets on Kauai, Oahu, and Maui to Fortistar and Epic Star Energy as part of its divestment strategy to streamline focus on core utility operations, following the March 2025 sale of the Hamakua Energy facility; additionally, HECO settled Maui wildfire-related lawsuits in July 2024 for over $4 billion alongside state entities, implemented grid modernization including self-healing technology on Oahu since 2013, and advanced EV infrastructure with branded upgrades and regulatory approvals in 2025.