- 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 96813
- IPO Date
- May 18, 2004
- Business
- Hawaiian Electric Company, Inc. Hawaiian Electric Company, Inc. is a subsidiary of Hawaiian Electric Industries, Inc. Hawaiian Electric Industries, Inc. that provides electric utility services to 95 percent of Hawaii's 1.4 million residents across the islands of Oahu, Maui, Hawaii Island, Lanai and Molokai through its operating subsidiaries Hawaiian Electric Company serving Oahu, Maui Electric Company serving Maui, Lanai and Molokai, and Hawaii Electric Light Company serving Hawaii Island; the company generates, purchases, transmits, distributes and sells electricity to a diverse customer base including residential communities, resorts, U.S. Armed Forces installations and agricultural operations, with a generating capacity exceeding 1,600 megawatts on Oahu alone from oil-fired, solar and other renewable sources, while offering customer programs for energy efficiency, renewable integration such as solar self-supply and battery storage incentives, commercial account management for large power needs, load management solutions and grid resilience enhancements. Founded in 1891 and headquartered in Honolulu, Hawaii, Hawaiian Electric operates exclusively within the state, focusing on regulated utility services amid Hawaii's transition to 100 percent renewable energy and net-zero carbon emissions from power generation by 2045, supported by ongoing grid modernization, wildfire mitigation measures including potential public safety power shutoffs, and clean energy project tracking. In recent developments, its parent Hawaiian Electric Industries completed the sale of subsidiary Pacific Current's solar and battery storage assets on Kauai, Oahu and Maui to Fortistar and Epic Star in August 2025 as part of streamlining to its core utility business following an earlier March 2025 divestiture of the Hamakua Energy facility, with an ongoing strategic review of remaining biomass assets; Hawaiian Electric pursued a $500 million senior notes offering in September 2025 to fund capital expenditures like grid hardening, wildfire protection, power plant reliability and clean energy expansion after investing around $330 million in 2024; and in September 2025, it elected to redeem multiple series of cumulative preferred stock including Series C 4.25 percent, Series D 5 percent and its subsidiary's Series G 7.625 percent to optimize its capital structure amid ongoing legal proceedings related to Maui wildfires.