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Credit agreements
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Credit agreements Credit agreements
HEI and Hawaiian Electric each entered into a separate agreement with a syndicate of eight financial institutions (the HEI Facility and Hawaiian Electric Facility, respectively, and together, the Credit Facilities), effective July 3, 2017, to amend and restate their respective previously existing revolving unsecured credit agreements. The $150 million HEI Facility and $200 million Hawaiian Electric Facility both will terminate on June 30, 2022. Neither of the facilities are collateralized. As of March 31, 2021 and December 31, 2020, no amounts were outstanding under the Credit Facilities.
The Credit Facilities will be maintained to support each company’s respective short-term commercial paper program, but may be drawn on to meet each company’s respective working capital needs and general corporate purposes.
Hawaiian Electric has a $75 million 364-day revolving credit agreement with no amount outstanding at March 31, 2021. On April 19, 2021, the revolving credit agreement terminated and was not renewed.