Hawaiian Electric Industries
American utility company / From Wikipedia, the free encyclopedia
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Hawaiian Electric Industries, Inc. (HEI) is the largest supplier of electricity in the U.S. state of Hawaii, supplying power to 95% of Hawaii's population through its electric utilities: Hawaiian Electric Company serving Oahu, Hawai'i Electric Light Company serving The Big Island, and Maui Electric Company serving Maui, Lanai and Molakai. In addition, HEI owns a financial institution serving Hawaii, American Savings Bank, and a clean energy and sustainability company, Pacific Current LLC.[2]
Company type | Public company |
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| |
Founded | October 13, 1891; 132 years ago (1891-10-13) |
Headquarters | Honolulu, Hawaii, U.S. |
Revenue | US$3.742 billion[1] (2022) |
US$381 million[1] (2022) | |
US$241 million[1] (2022) | |
Total assets | US$9.546 billion[1] (2022) |
Total equity | US$468.885 million[1] (2022) |
Number of employees | 2,511 full-time[1] (2022) |
Subsidiaries | Hawaiian Electric Company, Inc. Hawai'i Electric Light Company, Inc. Maui Electric Company, Limited Pacific Current LLC American Savings Bank |
Website | hei www |
Hawaiian Electric Company (abbreviated HECO and pronounced HEE-coh), Hilo Electric Light Company (later renamed Hawai'i Electric Light Company, abbreviated HELCO and pronounced HEL-coh), and Maui Electric Company (abbreviated MECO and pronounced MEE-coh) employ more than 2,000 people. Approximately 20,000 Hawaii residents are shareholders of HECO’s parent company, Hawaiian Electric Industries.[3] The company is headquartered in Honolulu.
The island of Kauai is the only Hawaiian island not supplied by HEI. Instead, the consumer-owned Kauai Island Utility Cooperative manages that island's electricity.