Hawaiian Electric Company, Inc. PFD K 4.65%
HAWLL
Other OTC21.02
USD
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Hawaiian Electric Company, Inc. PFD K 4.65%
HAWLL
(Other OTC)
Recent
price
21.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Hawaiian Electric Company, Inc. is the primary electric utility serving approximately 95% of Hawaii’s population across the islands of Oahu, Maui, Hawaii, Lanai, and Molokai. The company provides a comprehensive range of electric services including power generation, transmission, and distribution. Its core product offerings encompass electricity supply derived from a diversified energy portfolio, including renewable resources such as solar and battery storage systems. Hawaiian Electric also provides electrical installation, maintenance, power quality management, and energy efficiency programs for both residential and business customers. The company supports clean energy adoption through rooftop solar integration and electric vehicle charging infrastructure, aligning with Hawaii’s target of 100% renewable energy and net-zero carbon emissions by 2045. Founded in 1891 and headquartered in Honolulu, Hawaiian Electric has built a legacy as the state’s largest electricity provider through its subsidiaries: Hawaiian Electric Company serving Oahu, Hawai‘i Electric Light Company serving the Big Island, and Maui Electric Company serving Maui, Lanai, and Molokai. The company operates within the utility industry, targeting residential, commercial, and government sectors across Hawaii’s islands. It is a subsidiary of Hawaiian Electric Industries, Inc., which also includes other clean energy and financial service entities. Recent major changes include strategic initiatives to strengthen wildfire safety through a $450 million investment over three years to enhance infrastructure resilience and reduce wildfire risks. Hawaiian Electric achieved a 36% renewable portfolio standard in 2024, ahead of its 2030 goal of 40%, while concurrently reducing customer electricity rates by an average of 7% in 2024. The company has also raised capital by issuing $500 million in senior notes to finance ongoing capital expenditures focused on grid modernization, renewable energy integration, and wildfire safety measures. Hawaiian Electric is expanding its use of advanced technologies such as unmanned aerial drone inspections for infrastructure monitoring and is piloting innovative charge management programs to support off-peak electric vehicle charging. It continues to pursue regulatory and legislative support for mechanisms like wildfire recovery funding and incentives for independent clean energy projects. Hawaiian Electric Company remains committed to delivering reliable, affordable, and sustainable energy solutions while supporting Hawaii’s environmental and economic goals through continuous modernization of its electric grid and expansion of clean energy resources across its regional operations in the Hawaiian Islands.