Hawaiian Electric Industries Inc - Company Profile
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Hawaiian Electric Industries Inc (HEI) is a holding company, which operates in electric utility and banking 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. HEI owns overhead transmission and distribution lines, poles, underground cables and high-voltage metal towers. It also has power purchase agreements with various utilities and provides savings and loans, and other banking services. 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 St, Ste 2900, Honolulu, Hawaii, 96813-3480
Website
www.hei.com
Telephone
1 808 5435662
No of Employees
3,597
Industry
Power
Ticker Symbol & Exchange
HE (NYSE)
Revenue (2022)
$3.7B
-1.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-17.2%
(2022 vs 2021)
Market Cap*
$1.2B
Net Profit Margin (2022)
XYZ
-15.9%
(2022 vs 2021)
* As of and is in US$
Hawaiian Electric Industries Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Deposits | Distribution |
| Electricity | Transmission |
| Loans | Private Equity Investments |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In May, the company entered into a partnership with ev.energy to offer customers a smart charging mobile app that will enable EV drivers to optimize their charging sessions while helping inform Hawaiian Electric’s development of future charging programs and EV-specific rate options. |
| 2022 | New Products/Services | In August, the company deployed latest EV fast chargers in Mililani. |
| 2022 | New Products/Services | In June, Hawaiian Electric announced the expansion of its Battery Bonus program in Maui, Hawaii, the US. |
Competitor Comparison
| Key Parameters | Hawaiian Electric Industries Inc | Duke Energy Corp | Pinnacle West Capital Corp | Portland General Electric Co | NV Energy Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Honolulu | Charlotte | Phoenix | Portland | Las Vegas |
| State/Province | Hawaii | North Carolina | Arizona | Oregon | Nevada |
| No. of Employees | 3,597 | 27,037 | 81 | 2,842 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Scott W. H. Seu | Director; President; Chief Executive Officer | Executive Board | 2022 | 57 |
| Paul K. Ito | Chief Financial Officer; Acting Treasurer; Executive Vice President | Senior Management | 2023 | - |
| Kurt K. Murao | Secretary; Executive Vice President; Chief Administrative Officer; General Counsel | Senior Management | - | 53 |
| Shelee Kimura | Chief Executive Officer - Hawaiian Electric Company, Inc; President | Senior Management | 2022 | 48 |
| Christine Ohashi | Vice President - Internal Audit | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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