Hawaiian Electric Industries Inc - Company Profile
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Hawaiian Electric Industries Inc (HEI) is a holding company which operates in electric utility businesses. Through its subsidiaries, the company produces, procures, transmits, distributes and sells electricity. It generates electricity from conventional oil-fired steam units, biodiesel, combustion turbines, combined-cycle, diesel, and other combustion turbines. The company owns overhead transmission and distribution lines, poles, underground cables and high-voltage metal towers. The company is also involved in renewable energy sector. The company serves the Honolulu community on Oahu, Hilo and Kona on Hawaii, and Wailuku and Kahului on Maui; suburban communities; resorts; the US armed forces installations and agricultural operations. HEI is headquartered in Honolulu, Hawaii, the US.
Headquarters
United States of America
Address
1001 Bishop Street, Suite 2900, Honolulu, Hawaii, 96813
Website
www.hei.com
Telephone
1 808 5435662
No of Employees
2,659
Industry
Power
Ticker Symbol & Exchange
HE (NYSE)
Revenue (2024)
$3.1B
-4.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
108.9%
(2024 vs 2023)
Market Cap*
$2.3B
Net Profit Margin (2024)
XYZ
109.3%
(2024 vs 2023)
* As of and is in US$
Hawaiian Electric Industries Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Product: | Distribution |
| Electricity | Transmission |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Divestiture | In August, the company sold Pacific Current’s solar and battery storage assets to Fortistar and Epic Star Energy. |
| 2025 | Asset Disposal | In March, the company sold Pacific Current’s 60 MW Hamakua Energy Plant on Hawaiʻi Island to a subsidiary of Harbert Management Corporation. |
| 2025 | Stake Sale | In January, the company sold a 90.1% stake in American Savings Bank. |
Competitor Comparison
| Key Parameters | Hawaiian Electric Industries Inc | Pinnacle West Capital Corp | Portland General Electric Co | NV Energy Inc | Avista Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Honolulu | Phoenix | Portland | Las Vegas | Spokane |
| State/Province | Hawaii | Arizona | Oregon | Nevada | Washington |
| No. of Employees | 2,659 | 94 | 2,877 | - | 1,929 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Scott W. H. Seu | Chief Executive Officer; Director; President | Executive Board | 2022 | 60 |
| Paul K. Ito | Chief Financial Officer; Senior Vice President | Senior Management | 2026 | - |
| Timothy E. Johns | Chairman | Non Executive Board | 2026 | 70 |
| Shelee M.T. Kimura | President - Hawaiian Electric Company Inc; Director; President - Hawaiian Electric Industries Inc | Executive Board | 2026 | 52 |
| Bruce K. Tamashiro | Chief Accounting Officer; Controller; Treasurer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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