XML 67 R49.htm IDEA: XBRL DOCUMENT v3.4.0.3
Electric utility segment - Consolidating balance sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Dec. 31, 2014
Utility property, plant and equipment        
Total property, plant and equipment, net $ 4,423,567 $ 4,377,658    
Other long-term assets        
Total assets 11,870,506 11,782,018    
Capitalization        
Common stock equity 1,942,179 1,927,640 $ 1,897,909 $ 1,790,573
Cumulative preferred stock — not subject to mandatory redemption 0 0    
Current liabilities        
Interest and preferred dividends payable 27,890 26,042    
Deferred credits and other liabilities        
Deferred income taxes 700,782 680,877    
Contributions in aid of construction 513,520 506,087    
Total liabilities and shareholders’ equity 11,870,506 11,782,018    
Hawaiian Electric Company        
Utility property, plant and equipment        
Land 43,972 43,557    
Plant and equipment 4,059,986 4,026,079    
Less accumulated depreciation (1,325,559) (1,316,467)    
Construction in progress 163,196 147,979    
Utility property, plant and equipment, net 2,941,595 2,901,148    
Nonutility property, plant and equipment, less accumulated depreciation 5,762 5,659    
Total property, plant and equipment, net 2,947,357 2,906,807    
Investment in wholly owned subsidiaries, at equity 557,885 556,528    
Current assets        
Cash and cash equivalents 29,307 16,281 5,484 12,416
Advances to affiliates 0 0    
Customer accounts receivable, net 69,744 93,515    
Accrued unbilled revenues, net 60,022 60,080    
Other accounts receivable, net 13,180 16,421    
Fuel oil stock, at average cost 34,553 49,455    
Materials and supplies, at average cost 30,543 30,921    
Prepayments and other 18,430 25,505    
Regulatory assets 80,918 63,615    
Total current assets 336,697 355,793    
Other long-term assets        
Regulatory assets 586,873 608,957    
Unamortized debt expense 304 359    
Other 47,516 47,731    
Total other long-term assets 634,693 657,047    
Total assets 4,476,632 4,476,175    
Capitalization        
Common stock equity 1,731,304 1,728,325 1,686,434 1,682,144
Cumulative preferred stock — not subject to mandatory redemption 22,293 22,293    
Long-term debt, net 875,308 875,163    
Total capitalization 2,628,905 2,625,781    
Current liabilities        
Short-term borrowings from non-affiliates 12,998      
Short-term borrowings from affiliate 19,500 23,000    
Accounts payable 73,021 84,631    
Interest and preferred dividends payable 18,543 15,747    
Taxes accrued 87,303 131,668    
Regulatory liabilities 0 0    
Other 62,307 41,083    
Total current liabilities 273,672 296,129    
Deferred credits and other liabilities        
Deferred income taxes 477,446 466,133    
Regulatory liabilities 259,907 254,033    
Unamortized tax credits 55,446 54,078    
Defined benefit pension and other postretirement benefit plans liability 405,024 409,021    
Other 49,944 51,273    
Total deferred credits and other liabilities 1,247,767 1,234,538    
Contributions in aid of construction 326,288 319,727    
Total liabilities and shareholders’ equity 4,476,632 4,476,175    
HELCO        
Utility property, plant and equipment        
Land 6,219 6,219    
Plant and equipment 1,213,924 1,212,195    
Less accumulated depreciation (490,883) (486,028)    
Construction in progress 16,648 11,455    
Utility property, plant and equipment, net 745,908 743,841    
Nonutility property, plant and equipment, less accumulated depreciation 82 82    
Total property, plant and equipment, net 745,990 743,923    
Current assets        
Cash and cash equivalents 12,070 2,682 1,654 612
Advances to affiliates 12,500 15,500    
Customer accounts receivable, net 18,399 20,508    
Accrued unbilled revenues, net 12,857 12,531    
Other accounts receivable, net 1,271 1,275    
Fuel oil stock, at average cost 5,688 8,310    
Materials and supplies, at average cost 6,892 6,865    
Prepayments and other 2,223 9,091    
Regulatory assets 5,563 4,501    
Total current assets 77,463 81,263    
Other long-term assets        
Regulatory assets 112,052 114,562    
Unamortized debt expense 60 74    
Other 14,129 14,693    
Total other long-term assets 126,241 129,329    
Total assets 949,694 954,515    
Capitalization        
Common stock equity 293,358 292,702 283,129 281,846
Cumulative preferred stock — not subject to mandatory redemption 7,000 7,000    
Long-term debt, net 213,608 213,580    
Total capitalization 513,966 513,282    
Current liabilities        
Short-term borrowings from affiliate 0 0    
Accounts payable 12,391 17,702    
Interest and preferred dividends payable 4,173 4,255    
Taxes accrued 22,787 30,342    
Regulatory liabilities 4,063 1,030    
Other 9,019 8,760    
Total current liabilities 52,433 62,089    
Deferred credits and other liabilities        
Deferred income taxes 102,039 100,681    
Regulatory liabilities 87,514 84,623    
Unamortized tax credits 15,555 15,406    
Defined benefit pension and other postretirement benefit plans liability 69,103 69,893    
Other 13,625 13,243    
Total deferred credits and other liabilities 287,836 283,846    
Contributions in aid of construction 95,459 95,298    
Total liabilities and shareholders’ equity 949,694 954,515    
Maui Electric        
Utility property, plant and equipment        
Land 3,016 3,016    
Plant and equipment 1,082,096 1,077,424    
Less accumulated depreciation (468,486) (463,509)    
Construction in progress 18,160 15,875    
Utility property, plant and equipment, net 634,786 632,806    
Nonutility property, plant and equipment, less accumulated depreciation 1,531 1,531    
Total property, plant and equipment, net 636,317 634,337    
Current assets        
Cash and cash equivalents 7,564 5,385 881 633
Advances to affiliates 7,000 7,500    
Customer accounts receivable, net 15,596 18,755    
Accrued unbilled revenues, net 12,488 11,898    
Other accounts receivable, net 1,269 1,674    
Fuel oil stock, at average cost 8,163 13,451    
Materials and supplies, at average cost 16,821 16,643    
Prepayments and other 2,436 2,295    
Regulatory assets 2,711 4,115    
Total current assets 74,048 81,716    
Other long-term assets        
Regulatory assets 100,291 100,981    
Unamortized debt expense 56 64    
Other 12,850 13,062    
Total other long-term assets 113,197 114,107    
Total assets 823,562 830,160    
Capitalization        
Common stock equity 264,426 263,725 256,802 256,692
Cumulative preferred stock — not subject to mandatory redemption 5,000 5,000    
Long-term debt, net 190,000 189,959    
Total capitalization 459,426 458,684    
Current liabilities        
Short-term borrowings from affiliate 0 0    
Accounts payable 9,678 12,513    
Interest and preferred dividends payable 4,301 3,113    
Taxes accrued 20,435 29,325    
Regulatory liabilities 1,353 1,174    
Other 12,625 13,194    
Total current liabilities 48,392 59,319    
Deferred credits and other liabilities        
Deferred income taxes 90,353 87,706    
Regulatory liabilities 30,956 30,683    
Unamortized tax credits 14,901 14,730    
Defined benefit pension and other postretirement benefit plans liability 73,390 74,060    
Other 14,371 13,916    
Total deferred credits and other liabilities 223,971 221,095    
Contributions in aid of construction 91,773 91,062    
Total liabilities and shareholders’ equity 823,562 830,160    
Other subsidiaries        
Current assets        
Cash and cash equivalents 101 101 101 101
Total current assets 101 101    
Other long-term assets        
Total assets 101 101    
Capitalization        
Common stock equity 101 101 101 101
Total capitalization 101 101    
Deferred credits and other liabilities        
Total liabilities and shareholders’ equity 101 101    
Consolidating adjustments        
Utility property, plant and equipment        
Investment in wholly owned subsidiaries, at equity (557,885) (556,528)    
Current assets        
Cash and cash equivalents 0 0 0 0
Advances to affiliates (19,500) (23,000)    
Other accounts receivable, net (8,947) (8,962)    
Prepayments and other (1,286) (251)    
Total current assets (29,733) (32,213)    
Other long-term assets        
Regulatory assets 0 0    
Total other long-term assets 0 0    
Total assets (587,618) (588,741)    
Capitalization        
Common stock equity (557,885) (556,528) (540,032) (538,639)
Total capitalization (557,885) (556,528)    
Current liabilities        
Short-term borrowings from affiliate (19,500) (23,000)    
Interest and preferred dividends payable (2) (4)    
Taxes accrued (1,286) (251)    
Regulatory liabilities 0 0    
Other (8,945) (8,958)    
Total current liabilities (29,733) (32,213)    
Deferred credits and other liabilities        
Deferred income taxes 288 286    
Regulatory liabilities 0 0    
Defined benefit pension and other postretirement benefit plans liability 0      
Other (288) (286)    
Total deferred credits and other liabilities 0 0    
Total liabilities and shareholders’ equity (587,618) (588,741)    
Hawaiian Electric Company, Inc. and Subsidiaries        
Utility property, plant and equipment        
Land 53,207 52,792    
Plant and equipment 6,356,006 6,315,698    
Less accumulated depreciation (2,284,928) (2,266,004)    
Construction in progress 198,004 175,309    
Utility property, plant and equipment, net 4,322,289 4,277,795    
Nonutility property, plant and equipment, less accumulated depreciation 7,375 7,272    
Total property, plant and equipment, net 4,329,664 4,285,067    
Current assets        
Cash and cash equivalents 49,042 24,449 8,120 13,762
Advances to affiliates 0      
Customer accounts receivable, net 103,739 132,778    
Accrued unbilled revenues, net 85,367 84,509    
Other accounts receivable, net 6,773 10,408    
Fuel oil stock, at average cost 48,404 71,216    
Materials and supplies, at average cost 54,256 54,429    
Prepayments and other 21,803 36,640    
Regulatory assets 89,192 72,231    
Total current assets 458,576 486,660    
Other long-term assets        
Regulatory assets 799,216 824,500    
Unamortized debt expense 420 497    
Other 74,495 75,486    
Total other long-term assets 874,131 900,483    
Total assets 5,662,371 5,672,210    
Capitalization        
Common stock equity 1,731,304 1,728,325 $ 1,686,434 $ 1,682,144
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293    
Long-term debt, net 1,278,916 1,278,702    
Total capitalization 3,044,513 3,041,320    
Current liabilities        
Short-term borrowings from non-affiliates 12,998 0    
Accounts payable 95,090 114,846    
Interest and preferred dividends payable 27,015 23,111    
Taxes accrued 129,239 191,084    
Regulatory liabilities 5,416 2,204    
Other 75,006 54,079    
Total current liabilities 344,764 385,324    
Deferred credits and other liabilities        
Deferred income taxes 670,126 654,806    
Regulatory liabilities 378,377 369,339    
Unamortized tax credits 85,902 84,214    
Defined benefit pension and other postretirement benefit plans liability 547,517 552,974    
Other 77,652 78,146    
Total deferred credits and other liabilities 1,759,574 1,739,479    
Contributions in aid of construction 513,520 506,087    
Total liabilities and shareholders’ equity $ 5,662,371 $ 5,672,210