XML 96 R42.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Electric utility segment (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Electric Utility Subsidiary [Abstract] |
Schedule of regulatory assets | Regulatory assets were as follows:
December 31 | 2021 |  | 2020
(in thousands) |  |  |
Retirement benefit plans (balance primarily varies with plans’ funded statuses) | $ | 351,070 |  |  | $ | 592,644 |
Income taxes (1-55 years) | 88,087 |  |  | 96,171 |
Decoupling revenue balancing account and RAM (1-2 years) | 31,607 |  |  | 10,432 |
Unamortized expense and premiums on retired debt and equity issuances (1-18 years; 1-18 years remaining) | 7,300 |  |  | 8,654 |
Vacation earned, but not yet taken (1 year) | 14,255 |  |  | 15,665 |
COVID-19 related costs (to be determined by PUC) | 27,839 |  |  | 18,032 |
Other (1-38 years remaining) | 45,385 |  |  | 25,110 |
Total regulatory assets | $ | 565,543 |  |  | $ | 766,708 |
Included in: |  |  |
Current assets | $ | 66,664 |  |  | $ | 30,435 |
Long-term assets | 498,879 |  |  | 736,273 |
Total regulatory assets | $ | 565,543 |  |  | $ | 766,708 |
Schedule of regulatory liabilities | Regulatory liabilities were as follows:
December 31 | 2021 |  | 2020
(in thousands) |  |  |
Cost of removal in excess of salvage value (1-79 years) | $ | 562,514 |  |  | $ | 541,730 |
Income taxes (1-55 years) | 337,304 |  |  | 360,426 |
Decoupling revenue balancing account and RAM (1-2 years) | 251 |  |  | 1,957 |
Retirement benefit plans (balance primarily varies with plans’ funded statuses) | 51,734 |  |  | 29,759 |
Solar tax credits (1-20 years) | 27,123 |  |  | 8,096 |
Other (1-4 years remaining) | 17,842 |  |  | 17,818 |
Total regulatory liabilities | $ | 996,768 |  |  | $ | 959,786 |
Included in: |  |  |
Current liabilities | $ | 29,760 |  |  | $ | 37,301 |
Long-term liabilities | 967,008 |  |  | 922,485 |
Total regulatory liabilities | $ | 996,768 |  |  | $ | 959,786 |
Schedule of voluntary liquidation and redemption prices of cumulative preferred stock | The following series of cumulative preferred stock are redeemable only at the option of the respective company at the following prices in the event of voluntary liquidation or redemption:
December 31, 2021 | Voluntary liquidation price |  | Redemption price
Series |  |  |
C, D, E, H, J and K (Hawaiian Electric) | $ | 20 |  |  | $ | 21 |
I (Hawaiian Electric) | 20 |  |  | 20 |
G (Hawaii Electric Light) | 100 |  |  | 100 |
H (Maui Electric) | 100 |  |  | 100 |
Schedule of purchases from all IPPs | Purchases from all IPPs were as follows:
Years ended December 31 |  | 2021 |  | 2020 |  | 2019
(in millions) |  |  |  |  |  |
Kalaeloa |  | $ | 204 |  |  | $ | 149 |  |  | $ | 214 |
AES Hawaii |  | 130 |  |  | 133 |  |  | 139 |
HPOWER |  | 70 |  |  | 70 |  |  | 76 |
Hamakua Energy |  | 29 |  |  | 50 |  |  | 68 |
Puna Geothermal Venture |  | 53 |  |  | 1 |  |  | — |
Wind IPPs |  | 124 |  |  | 105 |  |  | 95 |
Solar IPPs |  | 50 |  |  | 57 |  |  | 36 |
Other IPPs 1 |  | 10 |  |  | 4 |  |  | 5 |
Total IPPs |  | $ | 670 |  |  | $ | 569 |  |  | $ | 633 |
1 Includes hydro power and other PPAs
Schedule of changes in asset retirement obligation | Changes to the ARO liability included in “Other liabilities” on Hawaiian Electric’s balance sheet were as follows:
(in thousands) | 2021 |  | 2020
Balance, January 1 | $ | 10,692 |  |  | $ | 10,324 |
Accretion expense | 423 |  |  | 405 |
Liabilities incurred | — |  |  | — |
Liabilities settled | (5) |  |  | (37) |
Balance, December 31 | $ | 11,110 |  |  | $ | 10,692 |
Schedule of net annual incremental amounts proposed to be collected (refunded) | The filing reflected ARA revenues for 2022 to be collected from January 1 through December 31, 2022, as follows:
(in millions) |  | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  | Total
2022 ARA revenues |  | $ | 19.8 |  |  | $ | 4.9 |  |  | $ | 4.8 |  |  | $ | 29.5 |
Management Audit savings commitment |  | (4.6) |  |  | (1.0) |  |  | (1.0) |  |  | (6.6) |
Net 2022 ARA revenues |  | $ | 15.2 |  |  | $ | 3.9 |  |  | $ | 3.8 |  |  | $ | 22.9 |
The net incremental amounts between the 2021 spring and fall revenue reports are as follows. The amounts are to be collected (refunded) from January 1 through December 31, 2022 under the RBA rate tariffs, which were included in the 2021 fall revenue report filing.
(in millions) |  | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  | Total
Incremental RAM revenues and ARA revenues |  | $ | 41.7 |  |  | $ | 8.9 |  |  | $ | 10.9 |  |  | $ | 61.5 |
Incremental accrued RBA balance through September 30, 2021 (and associated revenue taxes) |  | 21.9 |  |  | 2.5 |  |  | (0.1) |  |  | 24.3 |
Incremental Performance Incentive Mechanisms (net) |  | — |  |  | — |  |  | 0.1 |  |  | 0.1 |
Incremental MPIR/EPRM Revenue Adjustment |  | 9.8 |  |  | 0.3 |  |  | 0.3 |  |  | 10.4 |
Net incremental amount to be collected under the RBA rate tariffs |  | $ | 73.4 |  |  | $ | 11.7 |  |  | $ | 11.1 |  |  | $ | 96.2 |
Note: Columns may not foot due to rounding.
Schedule of consolidating statements of income | Consolidating statement of income Year ended December 31, 2021
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  |  |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Revenues | $ | 1,793,372 |  |  | 381,033 |  |  | 365,256 |  |  |  |  | (25) |  | [1] |  | $ | 2,539,636 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Fuel oil | 442,818 |  |  | 80,086 |  |  | 121,445 |  |  |  |  | — |  |  |  | 644,349 |
Purchased power | 508,642 |  |  | 108,997 |  |  | 52,855 |  |  |  |  | — |  |  |  | 670,494 |
Other operation and maintenance | 313,009 |  |  | 79,390 |  |  | 83,013 |  |  |  |  | — |  |  |  | 475,412 |
Depreciation | 155,607 |  |  | 40,201 |  |  | 33,661 |  |  |  |  | — |  |  |  | 229,469 |
Taxes, other than income taxes | 170,604 |  |  | 35,499 |  |  | 34,251 |  |  |  |  | — |  |  |  | 240,354 |
Total expenses | 1,590,680 |  |  | 344,173 |  |  | 325,225 |  |  |  |  | — |  |  |  | 2,260,078 |
Operating income | 202,692 |  |  | 36,860 |  |  | 40,031 |  |  |  |  | (25) |  |  |  | 279,558 |
Allowance for equity funds used during construction | 7,734 |  |  | 586 |  |  | 1,214 |  |  |  |  | — |  |  |  | 9,534 |
Equity in earnings of subsidiaries | 45,353 |  |  | — |  |  | — |  |  |  |  | (45,353) |  | [2] |  | — |
Retirement defined benefits credit (expense)—other than service costs | 3,348 |  |  | 670 |  |  | (128) |  |  |  |  | — |  |  |  | 3,890 |
Interest expense and other charges, net | (51,680) |  |  | (10,353) |  |  | (10,439) |  |  |  |  | 25 |  | [1] |  | (72,447) |
Allowance for borrowed funds used during construction | 2,617 |  |  | 197 |  |  | 436 |  |  |  |  | — |  |  |  | 3,250 |
Income before income taxes | 210,064 |  |  | 27,960 |  |  | 31,114 |  |  |  |  | (45,353) |  |  |  | 223,785 |
Income taxes | 31,342 |  |  | 6,246 |  |  | 6,560 |  |  |  |  | — |  |  |  | 44,148 |
Net income | 178,722 |  |  | 21,714 |  |  | 24,554 |  |  |  |  | (45,353) |  |  |  | 179,637 |
Preferred stock dividends of subsidiaries | — |  |  | 534 |  |  | 381 |  |  |  |  | — |  |  |  | 915 |
Net income attributable to Hawaiian Electric | 178,722 |  |  | 21,180 |  |  | 24,173 |  |  |  |  | (45,353) |  |  |  | 178,722 |
Preferred stock dividends of Hawaiian Electric | 1,080 |  |  | — |  |  | — |  |  |  |  | — |  |  |  | 1,080 |
Net income for common stock | $ | 177,642 |  |  | 21,180 |  |  | 24,173 |  |  |  |  | (45,353) |  |  |  | $ | 177,642 |
Consolidating statement of income Year ended December 31, 2020
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  |  |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Revenues | $ | 1,608,305 |  |  | 334,221 |  |  | 323,430 |  |  |  |  | (636) |  | [1] |  | $ | 2,265,320 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Fuel oil | 354,087 |  |  | 72,202 |  |  | 88,985 |  |  |  |  | — |  |  |  | 515,274 |
Purchased power | 446,672 |  |  | 73,120 |  |  | 48,957 |  |  |  |  | — |  |  |  | 568,749 |
Other operation and maintenance | 311,781 |  |  | 73,746 |  |  | 88,665 |  |  |  |  | — |  |  |  | 474,192 |
Depreciation | 151,387 |  |  | 39,041 |  |  | 32,305 |  |  |  |  | — |  |  |  | 222,733 |
Taxes, other than income taxes | 154,191 |  |  | 31,181 |  |  | 30,450 |  |  |  |  | — |  |  |  | 215,822 |
Total expenses | 1,418,118 |  |  | 289,290 |  |  | 289,362 |  |  |  |  | — |  |  |  | 1,996,770 |
Operating income | 190,187 |  |  | 44,931 |  |  | 34,068 |  |  |  |  | (636) |  |  |  | 268,550 |
Allowance for equity funds used during construction | 7,335 |  |  | 543 |  |  | 890 |  |  |  |  | — |  |  |  | 8,768 |
Equity in earnings of subsidiaries | 47,504 |  |  | — |  |  | — |  |  |  |  | (47,504) |  | [2] |  | — |
Retirement defined benefits credit (expense)—other than service costs | (1,294) |  |  | 672 |  |  | (141) |  |  |  |  | — |  |  |  | (763) |
Interest expense and other charges, net | (48,775) |  |  | (10,004) |  |  | (9,651) |  |  |  |  | 636 |  | [1] |  | (67,794) |
Allowance for borrowed funds used during construction | 2,540 |  |  | 160 |  |  | 292 |  |  |  |  | — |  |  |  | 2,992 |
Income before income taxes | 197,497 |  |  | 36,302 |  |  | 25,458 |  |  |  |  | (47,504) |  |  |  | 211,753 |
Income taxes | 27,077 |  |  | 8,275 |  |  | 5,066 |  |  |  |  | — |  |  |  | 40,418 |
Net income | 170,420 |  |  | 28,027 |  |  | 20,392 |  |  |  |  | (47,504) |  |  |  | 171,335 |
Preferred stock dividends of subsidiaries | — |  |  | 534 |  |  | 381 |  |  |  |  | — |  |  |  | 915 |
Net income attributable to Hawaiian Electric | 170,420 |  |  | 27,493 |  |  | 20,011 |  |  |  |  | (47,504) |  |  |  | 170,420 |
Preferred stock dividends of Hawaiian Electric | 1,080 |  |  | — |  |  | — |  |  |  |  | — |  |  |  | 1,080 |
Net income for common stock | $ | 169,340 |  |  | 27,493 |  |  | 20,011 |  |  |  |  | (47,504) |  |  |  | $ | 169,340 |
Consolidating statement of income Year ended December 31, 2019
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  |  |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Revenues | $ | 1,803,698 |  |  | 364,590 |  |  | 378,202 |  |  |  |  | (548) |  | [1] |  | $ | 2,545,942 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Fuel oil | 494,728 |  |  | 84,565 |  |  | 141,416 |  |  |  |  | — |  |  |  | 720,709 |
Purchased power | 494,215 |  |  | 90,989 |  |  | 48,052 |  |  |  |  | — |  |  |  | 633,256 |
Other operation and maintenance | 319,771 |  |  | 76,091 |  |  | 85,875 |  |  |  |  | — |  |  |  | 481,737 |
Depreciation | 143,470 |  |  | 41,812 |  |  | 30,449 |  |  |  |  | — |  |  |  | 215,731 |
Taxes, other than income taxes | 170,979 |  |  | 33,787 |  |  | 35,365 |  |  |  |  | — |  |  |  | 240,131 |
Total expenses | 1,623,163 |  |  | 327,244 |  |  | 341,157 |  |  |  |  | — |  |  |  | 2,291,564 |
Operating income | 180,535 |  |  | 37,346 |  |  | 37,045 |  |  |  |  | (548) |  |  |  | 254,378 |
Allowance for equity funds used during construction | 9,955 |  |  | 816 |  |  | 1,216 |  |  |  |  | — |  |  |  | 11,987 |
Equity in earnings of subsidiaries | 43,167 |  |  | — |  |  | — |  |  |  |  | (43,167) |  | [2] |  | — |
Retirement defined benefits expense—other than service costs | (2,287) |  |  | (422) |  |  | (127) |  |  |  |  | — |  |  |  | (2,836) |
Interest expense and other charges, net | (51,199) |  |  | (10,741) |  |  | (9,450) |  |  |  |  | 548 |  | [1] |  | (70,842) |
Allowance for borrowed funds used during construction | 3,666 |  |  | 342 |  |  | 445 |  |  |  |  | — |  |  |  | 4,453 |
Income before income taxes | 183,837 |  |  | 27,341 |  |  | 29,129 |  |  |  |  | (43,167) |  |  |  | 197,140 |
Income taxes | 25,917 |  |  | 5,990 |  |  | 6,398 |  |  |  |  | — |  |  |  | 38,305 |
Net income | 157,920 |  |  | 21,351 |  |  | 22,731 |  |  |  |  | (43,167) |  |  |  | 158,835 |
Preferred stock dividends of subsidiaries | — |  |  | 534 |  |  | 381 |  |  |  |  | — |  |  |  | 915 |
Net income attributable to Hawaiian Electric | 157,920 |  |  | 20,817 |  |  | 22,350 |  |  |  |  | (43,167) |  |  |  | 157,920 |
Preferred stock dividends of Hawaiian Electric | 1,080 |  |  | — |  |  | — |  |  |  |  | — |  |  |  | 1,080 |
Net income for common stock | $ | 156,840 |  |  | 20,817 |  |  | 22,350 |  |  |  |  | (43,167) |  |  |  | $ | 156,840 |
Statements of Income and Comprehensive Income Data
Years ended December 31 | 2021 |  | 2020 |  | 2019
(in thousands) |  |  |  |  |
Interest and dividend income |  |  |  |  |
Interest and fees on loans | $ | 198,802 |  |  | $ | 214,134 |  |  | $ | 233,632 |
Interest and dividends on investment securities | 43,464 |  |  | 30,529 |  |  | 32,922 |
Total interest and dividend income | 242,266 |  |  | 244,663 |  |  | 266,554 |
Interest expense |  |  |  |  |
Interest on deposit liabilities | 4,981 |  |  | 10,654 |  |  | 16,830 |
Interest on other borrowings | 59 |  |  | 460 |  |  | 1,610 |
Total interest expense | 5,040 |  |  | 11,114 |  |  | 18,440 |
Net interest income | 237,226 |  |  | 233,549 |  |  | 248,114 |
Provision for credit losses | (25,825) |  |  | 50,811 |  |  | 23,480 |
Net interest income after provision for credit losses | 263,051 |  |  | 182,738 |  |  | 224,634 |
Noninterest income |  |  |  |  |
Fees from other financial services | 21,225 |  |  | 16,447 |  |  | 19,275 |
Fee income on deposit liabilities | 16,663 |  |  | 16,059 |  |  | 20,877 |
Fee income on other financial products | 8,770 |  |  | 6,381 |  |  | 6,507 |
Bank-owned life insurance | 7,318 |  |  | 6,483 |  |  | 7,687 |
Mortgage banking income | 9,305 |  |  | 23,734 |  |  | 4,943 |
Gain on sale of real estate | — |  |  | — |  |  | 10,762 |
Gain on sale of investment securities, net | 528 |  |  | 9,275 |  |  | 653 |
Other income, net | 851 |  |  | (256) |  |  | 2,074 |
Total noninterest income | 64,660 |  |  | 78,123 |  |  | 72,778 |
Noninterest expense |  |  |  |  |
Compensation and employee benefits | 113,970 |  |  | 104,443 |  |  | 103,009 |
Occupancy | 20,584 |  |  | 21,573 |  |  | 21,272 |
Data processing | 17,634 |  |  | 14,769 |  |  | 15,306 |
Services | 10,327 |  |  | 11,121 |  |  | 10,239 |
Equipment | 9,510 |  |  | 9,001 |  |  | 8,760 |
Office supplies, printing and postage | 4,239 |  |  | 4,623 |  |  | 5,512 |
Marketing | 3,870 |  |  | 3,435 |  |  | 4,490 |
FDIC insurance | 3,235 |  |  | 2,342 |  |  | 1,204 |
Other expense 1 | 13,783 |  |  | 20,283 |  |  | 15,586 |
Total noninterest expense | 197,152 |  |  | 191,590 |  |  | 185,378 |
Income before income taxes | 130,559 |  |  | 69,271 |  |  | 112,034 |
Income taxes | 29,325 |  |  | 11,688 |  |  | 23,061 |
Net income | 101,234 |  |  | 57,583 |  |  | 88,973 |
Other comprehensive income (loss), net of taxes | (52,728) |  |  | 23,608 |  |  | 29,406 |
Comprehensive income | $ | 48,506 |  |  | $ | 81,191 |  |  | $ | 118,379 |
1 2021 and 2020 include approximately $0.6 million and $5.1 million of certain direct and incremental COVID-19 related costs, respectively. For 2020, these costs include $2.5 million of compensation expense and $2.0 million of enhanced cleaning and sanitation costs. Reconciliation to amounts per HEI Consolidated Statements of Income*:
Years ended December 31 | 2021 |  | 2020 |  | 2019
(in thousands) |  |  |  |  |
Interest and dividend income | $ | 242,266 |  |  | $ | 244,663 |  |  | $ | 266,554 |
Noninterest income | 64,660 |  |  | 78,123 |  |  | 72,778 |
Less: Gain on sale of real estate | — |  |  | — |  |  | 10,762 |
Less: Gain on sale of investment securities, net | 528 |  |  | 9,275 |  |  | 653 |
*Revenues-Bank | 306,398 |  |  | 313,511 |  |  | 327,917 |
Total interest expense | 5,040 |  |  | 11,114 |  |  | 18,440 |
Provision for credit losses | (25,825) |  |  | 50,811 |  |  | 23,480 |
Noninterest expense | 197,152 |  |  | 191,590 |  |  | 185,378 |
Less: Retirement defined benefits expense (credit)—other than service costs | (1,828) |  |  | 1,813 |  |  | (472) |
Add: Gain on sale of real estate | — |  |  | — |  |  | 10,762 |
*Expenses-Bank | 178,195 |  |  | 251,702 |  |  | 217,008 |
*Operating income-Bank | 128,203 |  |  | 61,809 |  |  | 110,909 |
Add back: Retirement defined benefits expense (credit)—other than service costs | (1,828) |  |  | 1,813 |  |  | (472) |
Add back: Gain on sale of investment securities, net | 528 |  |  | 9,275 |  |  | 653 |
Income before income taxes | $ | 130,559 |  |  | $ | 69,271 |  |  | $ | 112,034 |
Schedule of consolidating statements of comprehensive income | Consolidating statement of comprehensive income Year ended December 31, 2021
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  |  |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Net income for common stock | $ | 177,642 |  |  | 21,180 |  |  | 24,173 |  |  |  |  | (45,353) |  |  |  | $ | 177,642 |
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |
Retirement benefit plans: |  |  |  |  |  |  |  |  |  |  |  |
Net gains arising during the period, net of taxes | 151,523 |  |  | 17,902 |  |  | 16,572 |  |  |  |  | (34,474) |  | [1] |  | 151,523 |
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits | 19,461 |  |  | 2,749 |  |  | 2,553 |  |  |  |  | (5,302) |  | [1] |  | 19,461 |
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes | (171,345) |  |  | (20,585) |  |  | (18,898) |  |  |  |  | 39,483 |  | [1] |  | (171,345) |
Other comprehensive income (loss), net of taxes | (361) |  |  | 66 |  |  | 227 |  |  |  |  | (293) |  |  |  | (361) |
Comprehensive income attributable to common shareholder | $ | 177,281 |  |  | 21,246 |  |  | 24,400 |  |  |  |  | (45,646) |  |  |  | $ | 177,281 |
Consolidating statement of comprehensive income Year ended December 31, 2020
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  |  |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Net income for common stock | $ | 169,340 |  |  | 27,493 |  |  | 20,011 |  |  |  |  | (47,504) |  |  |  | $ | 169,340 |
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |
Retirement benefit plans: |  |  |  |  |  |  |  |  |  |  |  |
Net losses arising during the period, net of tax benefits | (63,050) |  |  | (9,424) |  |  | (10,897) |  |  |  |  | 20,321 |  | [1] |  | (63,050) |
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits | 21,550 |  |  | 3,179 |  |  | 2,763 |  |  |  |  | (5,942) |  | [1] |  | 21,550 |
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes | 39,860 |  |  | 6,025 |  |  | 8,000 |  |  |  |  | (14,025) |  | [1] |  | 39,860 |
Other comprehensive loss, net of tax benefits | (1,640) |  |  | (220) |  |  | (134) |  |  |  |  | 354 |  |  |  | (1,640) |
Comprehensive income attributable to common shareholder | $ | 167,700 |  |  | 27,273 |  |  | 19,877 |  |  |  |  | (47,150) |  |  |  | $ | 167,700 |
Consolidating statement of comprehensive income Year ended December 31, 2019
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  |  |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Net income for common stock | $ | 156,840 |  |  | 20,817 |  |  | 22,350 |  |  |  |  | (43,167) |  |  |  | $ | 156,840 |
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |
Retirement benefit plans: |  |  |  |  |  |  |  |  |  |  |  |
Net gains (losses) arising during the period, net of taxes | 5,249 |  |  | 373 |  |  | (204) |  |  |  |  | (169) |  | [1] |  | 5,249 |
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits | 9,550 |  |  | 1,455 |  |  | 1,182 |  |  |  |  | (2,637) |  | [1] |  | 9,550 |
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes | (16,177) |  |  | (1,840) |  |  | (1,152) |  |  |  |  | 2,992 |  | [1] |  | (16,177) |
Other comprehensive loss, net of tax benefits | (1,378) |  |  | (12) |  |  | (174) |  |  |  |  | 186 |  |  |  | (1,378) |
Comprehensive income attributable to common shareholder | $ | 155,462 |  |  | 20,805 |  |  | 22,176 |  |  |  |  | (42,981) |  |  |  | $ | 155,462 |
Schedule of consolidating balance sheets | Consolidating balance sheet December 31, 2021
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  | Other subsidiaries |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  |  |  |  |  |  |  |  |  |  |  |
Utility property, plant and equipment |  |  |  |  |  |  |  |  |  |  |  |
Land | $ | 42,737 |  |  | 5,606 |  |  | 3,594 |  |  | — |  |  | — |  |  |  | $ | 51,937 |
Plant and equipment | 5,097,033 |  |  | 1,390,361 |  |  | 1,248,589 |  |  | — |  |  | — |  |  |  | 7,735,983 |
Less accumulated depreciation | (1,757,096) |  |  | (619,991) |  |  | (563,430) |  |  | — |  |  | — |  |  |  | (2,940,517) |
Construction in progress | 159,854 |  |  | 17,129 |  |  | 27,586 |  |  | — |  |  | — |  |  |  | 204,569 |
Utility property, plant and equipment, net | 3,542,528 |  |  | 793,105 |  |  | 716,339 |  |  | — |  |  | — |  |  |  | 5,051,972 |
Nonutility property, plant and equipment, less accumulated depreciation | 5,302 |  |  | 115 |  |  | 1,532 |  |  | — |  |  | — |  |  |  | 6,949 |
Total property, plant and equipment, net | 3,547,830 |  |  | 793,220 |  |  | 717,871 |  |  | — |  |  | — |  |  |  | 5,058,921 |
Investment in wholly-owned subsidiaries, at equity | 676,237 |  |  | — |  |  | — |  |  | — |  |  | (676,237) |  | [2] |  | — |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 23,344 |  |  | 5,326 |  |  | 23,422 |  |  | 77 |  |  | — |  |  |  | 52,169 |
Restricted cash | 3,089 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 3,089 |
Advances to affiliates | 1,000 |  |  | — |  |  | — |  |  | — |  |  | (1,000) |  | [1] |  | — |
Customer accounts receivable, net | 135,949 |  |  | 28,469 |  |  | 22,441 |  |  | — |  |  | — |  |  |  | 186,859 |
Accrued unbilled revenues, net | 92,469 |  |  | 19,529 |  |  | 17,157 |  |  | — |  |  | — |  |  |  | 129,155 |
Other accounts receivable, net | 18,624 |  |  | 3,347 |  |  | 3,031 |  |  | — |  |  | (17,735) |  | [1] |  | 7,267 |
Fuel oil stock, at average cost | 71,184 |  |  | 12,814 |  |  | 20,080 |  |  | — |  |  | — |  |  |  | 104,078 |
Materials and supplies, at average cost | 42,006 |  |  | 9,727 |  |  | 20,144 |  |  | — |  |  | — |  |  |  | 71,877 |
Prepayments and other | 32,140 |  |  | 6,052 |  |  | 7,114 |  |  | — |  |  | 725 |  | [1] |  | 46,031 |
Regulatory assets | 58,695 |  |  | 3,051 |  |  | 4,918 |  |  | — |  |  | — |  |  |  | 66,664 |
Total current assets | 478,500 |  |  | 88,315 |  |  | 118,307 |  |  | 77 |  |  | (18,010) |  |  |  | 667,189 |
Other long-term assets |  |  |  |  |  |  |  |  |  |  |  |
Operating lease right-of-use assets | 78,710 |  |  | 22,442 |  |  | 318 |  |  | — |  |  | — |  |  |  | 101,470 |
Regulatory assets | 337,903 |  |  | 81,645 |  |  | 79,331 |  |  | — |  |  | — |  |  |  | 498,879 |
Other | 130,546 |  |  | 17,124 |  |  | 18,510 |  |  | — |  |  | (1,014) |  | [1] |  | 165,166 |
Total other long-term assets | 547,159 |  |  | 121,211 |  |  | 98,159 |  |  | — |  |  | (1,014) |  |  |  | 765,515 |
Total assets | $ | 5,249,726 |  |  | 1,002,746 |  |  | 934,337 |  |  | 77 |  |  | (695,261) |  |  |  | $ | 6,491,625 |
Capitalization and liabilities |  |  |  |  |  |  |  |  |  |  |  |
Capitalization |  |  |  |  |  |  |  |  |  |  |  |
Common stock equity | $ | 2,261,899 |  |  | 332,900 |  |  | 343,260 |  |  | 77 |  |  | (676,237) |  | [2] |  | $ | 2,261,899 |
Cumulative preferred stock–not subject to mandatory redemption | 22,293 |  |  | 7,000 |  |  | 5,000 |  |  | — |  |  | — |  |  |  | 34,293 |
Long-term debt, net | 1,136,620 |  |  | 234,390 |  |  | 253,417 |  |  | — |  |  | — |  |  |  | 1,624,427 |
Total capitalization | 3,420,812 |  |  | 574,290 |  |  | 601,677 |  |  | 77 |  |  | (676,237) |  |  |  | 3,920,619 |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current portion of operating lease liabilities | 45,955 |  |  | 3,378 |  |  | 35 |  |  | — |  |  | — |  |  |  | 49,368 |
Current portion of long-term debt, net | 39,981 |  |  | 11,994 |  |  | — |  |  | — |  |  | — |  |  |  | 51,975 |
Short-term borrowings-affiliate | — |  |  | 1,000 |  |  | — |  |  | — |  |  | (1,000) |  | [1] |  | — |
Accounts payable | 111,024 |  |  | 26,139 |  |  | 22,844 |  |  | — |  |  | — |  |  |  | 160,007 |
Interest and preferred dividends payable | 12,442 |  |  | 2,617 |  |  | 2,269 |  |  | — |  |  | (3) |  | [1] |  | 17,325 |
Taxes accrued, including revenue taxes | 143,723 |  |  | 33,153 |  |  | 30,679 |  |  | — |  |  | 725 |  | [1] |  | 208,280 |
Regulatory liabilities | 22,240 |  |  | 3,247 |  |  | 4,273 |  |  | — |  |  | — |  |  |  | 29,760 |
Other | 56,752 |  |  | 14,158 |  |  | 18,540 |  |  | — |  |  | (17,881) |  | [1] |  | 71,569 |
Total current liabilities | 432,117 |  |  | 95,686 |  |  | 78,640 |  |  | — |  |  | (18,159) |  |  |  | 588,284 |
Deferred credits and other liabilities |  |  |  |  |  |  |  |  |  |  |  |
Operating lease liabilities | 46,426 |  |  | 19,063 |  |  | 291 |  |  | — |  |  | — |  |  |  | 65,780 |
Deferred income taxes | 291,027 |  |  | 53,298 |  |  | 64,309 |  |  | — |  |  | — |  |  |  | 408,634 |
Regulatory liabilities | 695,152 |  |  | 179,267 |  |  | 92,589 |  |  | — |  |  | — |  |  |  | 967,008 |
Unamortized tax credits | 76,201 |  |  | 14,212 |  |  | 13,532 |  |  | — |  |  | — |  |  |  | 103,945 |
Defined benefit pension and other postretirement benefit plans liability | 220,480 |  |  | 48,900 |  |  | 53,257 |  |  | — |  |  | (857) |  | [1] |  | 321,780 |
Other | 67,511 |  |  | 18,030 |  |  | 30,042 |  |  | — |  |  | (8) |  |  |  | 115,575 |
Total deferred credits and other liabilities | 1,396,797 |  |  | 332,770 |  |  | 254,020 |  |  | — |  |  | (865) |  |  |  | 1,982,722 |
Total capitalization and liabilities | $ | 5,249,726 |  |  | 1,002,746 |  |  | 934,337 |  |  | 77 |  |  | (695,261) |  |  |  | $ | 6,491,625 |
Consolidating balance sheet December 31, 2020
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  | Other subsidiaries |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  |  |  |  |  |  |  |  |  |  |  |
Utility property, plant and equipment |  |  |  |  |  |  |  |  |  |  |  |
Land | $ | 42,411 |  |  | 5,606 |  |  | 3,594 |  |  | — |  |  | — |  |  |  | $ | 51,611 |
Plant and equipment | 4,960,470 |  |  | 1,352,885 |  |  | 1,195,988 |  |  | — |  |  | — |  |  |  | 7,509,343 |
Less accumulated depreciation | (1,677,256) |  |  | (597,606) |  |  | (544,217) |  |  | — |  |  | — |  |  |  | (2,819,079) |
Construction in progress | 143,616 |  |  | 13,043 |  |  | 31,683 |  |  | — |  |  | — |  |  |  | 188,342 |
Utility property, plant and equipment, net | 3,469,241 |  |  | 773,928 |  |  | 687,048 |  |  | — |  |  | — |  |  |  | 4,930,217 |
Nonutility property, plant and equipment, less accumulated depreciation | 5,306 |  |  | 115 |  |  | 1,532 |  |  | — |  |  | — |  |  |  | 6,953 |
Total property, plant and equipment, net | 3,474,547 |  |  | 774,043 |  |  | 688,580 |  |  | — |  |  | — |  |  |  | 4,937,170 |
Investment in wholly-owned subsidiaries, at equity | 626,890 |  |  | — |  |  | — |  |  | — |  |  | (626,890) |  | [2] |  | — |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 42,205 |  |  | 3,046 |  |  | 2,032 |  |  | 77 |  |  | — |  |  |  | 47,360 |
Restricted cash | 15,966 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 15,966 |
Advances to affiliates | 26,700 |  |  | — |  |  | — |  |  | — |  |  | (26,700) |  | [1] |  | — |
Customer accounts receivable, net | 102,736 |  |  | 23,989 |  |  | 21,107 |  |  | — |  |  | — |  |  |  | 147,832 |
Accrued unbilled revenues, net | 73,628 |  |  | 13,631 |  |  | 13,777 |  |  | — |  |  | — |  |  |  | 101,036 |
Other accounts receivable, net | 17,984 |  |  | 3,028 |  |  | 2,856 |  |  | — |  |  | (16,195) |  | [1] |  | 7,673 |
Fuel oil stock, at average cost | 38,777 |  |  | 8,471 |  |  | 10,990 |  |  | — |  |  | — |  |  |  | 58,238 |
Materials and supplies, at average cost | 38,786 |  |  | 9,896 |  |  | 18,662 |  |  | — |  |  | — |  |  |  | 67,344 |
Prepayments and other | 34,306 |  |  | 5,197 |  |  | 4,580 |  |  | — |  |  | — |  |  |  | 44,083 |
Regulatory assets | 22,095 |  |  | 1,954 |  |  | 6,386 |  |  | — |  |  | — |  |  |  | 30,435 |
Total current assets | 413,183 |  |  | 69,212 |  |  | 80,390 |  |  | 77 |  |  | (42,895) |  |  |  | 519,967 |
Other long-term assets |  |  |  |  |  |  |  |  |  |  |  |
Operating lease right-of-use assets | 125,858 |  |  | 1,443 |  |  | 353 |  |  | — |  |  | — |  |  |  | 127,654 |
Regulatory assets | 513,192 |  |  | 114,461 |  |  | 108,620 |  |  | — |  |  | — |  |  |  | 736,273 |
Other | 98,307 |  |  | 17,992 |  |  | 20,010 |  |  | — |  |  | — |  |  |  | 136,309 |
Total other long-term assets | 737,357 |  |  | 133,896 |  |  | 128,983 |  |  | — |  |  | — |  |  |  | 1,000,236 |
Total assets | $ | 5,251,977 |  |  | 977,151 |  |  | 897,953 |  |  | 77 |  |  | (669,785) |  |  |  | $ | 6,457,373 |
Capitalization and liabilities |  |  |  |  |  |  |  |  |  |  |  |
Capitalization |  |  |  |  |  |  |  |  |  |  |  |
Common stock equity | $ | 2,141,918 |  |  | 317,451 |  |  | 309,363 |  |  | 77 |  |  | (626,891) |  | [2] |  | $ | 2,141,918 |
Cumulative preferred stock–not subject to mandatory redemption | 22,293 |  |  | 7,000 |  |  | 5,000 |  |  | — |  |  | — |  |  |  | 34,293 |
Long-term debt, net | 1,116,426 |  |  | 216,447 |  |  | 228,429 |  |  | — |  |  | — |  |  |  | 1,561,302 |
Total capitalization | 3,280,637 |  |  | 540,898 |  |  | 542,792 |  |  | 77 |  |  | (626,891) |  |  |  | 3,737,513 |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current portion of operating lease liabilities | 64,599 |  |  | 98 |  |  | 33 |  |  | — |  |  | — |  |  |  | 64,730 |
Short-term borrowings-non-affiliate | 49,979 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 49,979 |
Short-term borrowings-affiliate | — |  |  | 18,800 |  |  | 7,900 |  |  | — |  |  | (26,700) |  | [1] |  | — |
Accounts payable | 97,102 |  |  | 19,570 |  |  | 17,177 |  |  | — |  |  | — |  |  |  | 133,849 |
Interest and preferred dividends payable | 14,480 |  |  | 3,138 |  |  | 2,790 |  |  | — |  |  | (58) |  | [1] |  | 20,350 |
Taxes accrued, including revenue taxes | 135,018 |  |  | 29,869 |  |  | 27,637 |  |  | — |  |  | — |  |  |  | 192,524 |
Regulatory liabilities | 20,224 |  |  | 8,785 |  |  | 8,292 |  |  | — |  |  | — |  |  |  | 37,301 |
Other | 57,926 |  |  | 13,851 |  |  | 18,621 |  |  | — |  |  | (16,136) |  | [1] |  | 74,262 |
Total current liabilities | 439,328 |  |  | 94,111 |  |  | 82,450 |  |  | — |  |  | (42,894) |  |  |  | 572,995 |
Deferred credits and other liabilities |  |  |  |  |  |  |  |  |  |  |  |
Operating lease liabilities | 67,824 |  |  | 1,344 |  |  | 326 |  |  | — |  |  | — |  |  |  | 69,494 |
Deferred income taxes | 282,685 |  |  | 54,108 |  |  | 61,005 |  |  | — |  |  | — |  |  |  | 397,798 |
Regulatory liabilities | 656,270 |  |  | 173,938 |  |  | 92,277 |  |  | — |  |  | — |  |  |  | 922,485 |
Unamortized tax credits | 82,563 |  |  | 15,363 |  |  | 13,989 |  |  | — |  |  | — |  |  |  | 111,915 |
Defined benefit pension and other postretirement benefit plans liability | 373,112 |  |  | 77,679 |  |  | 79,741 |  |  | — |  |  | — |  |  |  | 530,532 |
Other | 69,558 |  |  | 19,710 |  |  | 25,373 |  |  | — |  |  | — |  |  |  | 114,641 |
Total deferred credits and other liabilities | 1,532,012 |  |  | 342,142 |  |  | 272,711 |  |  | — |  |  | — |  |  |  | 2,146,865 |
Total capitalization and liabilities | $ | 5,251,977 |  |  | 977,151 |  |  | 897,953 |  |  | 77 |  |  | (669,785) |  |  |  | $ | 6,457,373 |
Balance Sheets Data
December 31 |  | 2021 |  | 2020
(in thousands) |  |  |  |
Assets |  |  |  |
Cash and due from banks |  | $ | 100,051 |  |  | $ | 178,422 |
Interest-bearing deposits |  | 151,189 |  |  | 114,304 |
Cash and cash equivalents |  | 251,240 |  |  | 292,726 |
Investment securities |  |  |  |
Available-for-sale, at fair value |  | 2,574,618 |  |  | 1,970,417 |
Held-to-maturity, at amortized cost (fair value of $510,474 and $229,963 at December 31, 2021 and 2020, respectively) |  | 522,270 |  |  | 226,947 |
Stock in Federal Home Loan Bank, at cost |  | 10,000 |  |  | 8,680 |
Loans held for investment |  | 5,211,114 |  |  | 5,333,843 |
Allowance for credit losses |  | (71,130) |  |  | (101,201) |
Net loans |  | 5,139,984 |  |  | 5,232,642 |
Loans held for sale, at lower of cost or fair value |  | 10,404 |  |  | 28,275 |
Other |  | 590,897 |  |  | 554,656 |
Goodwill |  | 82,190 |  |  | 82,190 |
Total assets |  | $ | 9,181,603 |  |  | $ | 8,396,533 |
Liabilities and shareholder’s equity |  |  |  |
Deposit liabilities–noninterest-bearing |  | $ | 2,976,632 |  |  | $ | 2,598,500 |
Deposit liabilities–interest-bearing |  | 5,195,580 |  |  | 4,788,457 |
Other borrowings |  | 88,305 |  |  | 89,670 |
Other |  | 193,268 |  |  | 183,731 |
Total liabilities |  | 8,453,785 |  |  | 7,660,358 |
Commitments and contingencies |  |  |  |
Common stock |  | 1 |  |  | 1 |
Additional paid in capital |  | 353,895 |  |  | 351,758 |
Retained earnings |  | 411,704 |  |  | 369,470 |
Accumulated other comprehensive income (loss), net of taxes |  |  |  |
Net unrealized gains (losses) on securities | $ | (32,037) |  |  | $ | 19,986 |  |
Retirement benefit plans | (5,745) |  | (37,782) |  | (5,040) |  | 14,946 |
Total shareholder’s equity |  | 727,818 |  |  | 736,175 |
Total liabilities and shareholder’s equity |  | $ | 9,181,603 |  |  | $ | 8,396,533 |
December 31 |  | 2021 |  | 2020
(in thousands) |  |  |  |
Other assets |  |  |  |
Bank-owned life insurance |  | $ | 177,566 |  |  | $ | 163,265 |
Premises and equipment, net |  | 202,299 |  |  | 206,134 |
Accrued interest receivable |  | 20,854 |  |  | 24,616 |
Mortgage servicing rights |  | 9,950 |  |  | 10,020 |
Low-income housing investments |  | 110,989 |  |  | 83,435 |
Other |  | 69,239 |  |  | 67,186 |
|  | $ | 590,897 |  |  | $ | 554,656 |
Other liabilities |  |  |  |
Accrued expenses |  | $ | 87,905 |  |  | $ | 62,694 |
Federal and state income taxes payable |  | — |  |  | 6,582 |
Cashier’s checks |  | 33,675 |  |  | 38,011 |
Advance payments by borrowers |  | 9,994 |  |  | 10,207 |
Other |  | 61,694 |  |  | 66,237 |
|  | $ | 193,268 |  |  | $ | 183,731 |
Schedule of consolidating statements of changes in common stock equity | Consolidating statements of changes in common stock equity
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  | Other subsidiaries |  | Consolidating adjustments |  | Hawaiian Electric Consolidated
Balance, December 31, 2018 | $ | 1,957,641 |  |  | 295,874 |  |  | 280,863 |  |  | 101 |  |  | (576,838) |  |  | $ | 1,957,641 |
Net income for common stock | 156,840 |  |  | 20,817 |  |  | 22,350 |  |  | — |  |  | (43,167) |  |  | 156,840 |
Other comprehensive income, net of taxes | (1,378) |  |  | (12) |  |  | (174) |  |  | — |  |  | 186 |  |  | (1,378) |
Issuance of common stock, net of expenses | 35,501 |  |  | (1) |  |  | 4,899 |  |  | — |  |  | (4,898) |  |  | 35,501 |
Common stock dividends | (101,252) |  |  | (17,680) |  |  | (15,068) |  |  | — |  |  | 32,748 |  |  | (101,252) |
Balance, December 31, 2019 | 2,047,352 |  |  | 298,998 |  |  | 292,870 |  |  | 101 |  |  | (591,969) |  |  | 2,047,352 |
Net income for common stock | 169,340 |  |  | 27,493 |  |  | 20,011 |  |  | — |  |  | (47,504) |  |  | 169,340 |
Other comprehensive loss, net of tax benefits | (1,640) |  |  | (220) |  |  | (134) |  |  | — |  |  | 354 |  |  | (1,640) |
Issuance of common stock, net of expenses | 34,000 |  |  | 7,500 |  |  | 11,000 |  |  | — |  |  | (18,500) |  |  | 34,000 |
Common stock dividends | (107,134) |  |  | (16,320) |  |  | (14,384) |  |  | — |  |  | 30,704 |  |  | (107,134) |
Dissolution of subsidiary | — |  |  | — |  |  | — |  |  | (24) |  |  | 24 |  |  | — |
Balance, December 31, 2020 | 2,141,918 |  |  | 317,451 |  |  | 309,363 |  |  | 77 |  |  | (626,891) |  |  | 2,141,918 |
Net income for common stock | 177,642 |  |  | 21,180 |  |  | 24,173 |  |  | — |  |  | (45,353) |  |  | 177,642 |
Other comprehensive loss, net of tax benefits | (361) |  |  | 66 |  |  | 227 |  |  | — |  |  | (293) |  |  | (361) |
Issuance of common stock, net of expenses | 54,400 |  |  | 8,803 |  |  | 24,597 |  |  | — |  |  | (33,400) |  |  | 54,400 |
Common stock dividends | (111,700) |  |  | (14,600) |  |  | (15,100) |  |  | — |  |  | 29,700 |  |  | (111,700) |
Balance, December 31, 2021 | $ | 2,261,899 |  |  | 332,900 |  |  | 343,260 |  |  | 77 |  |  | (676,237) |  |  | $ | 2,261,899 |
Schedule of consolidating statements of cash flows | Consolidating statement of cash flows Year ended December 31, 2021
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  | Other subsidiaries |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 178,722 |  |  | 21,714 |  |  | 24,554 |  |  | — |  |  | (45,353) |  | [2] |  | $ | 179,637 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Equity in earnings of subsidiaries | (45,353) |  |  | — |  |  | — |  |  | — |  |  | 45,353 |  | [2] |  | — |
Common stock dividends received from subsidiaries | 29,700 |  |  | — |  |  | — |  |  | — |  |  | (29,700) |  | [2] |  | — |
Depreciation of property, plant and equipment | 155,607 |  |  | 40,201 |  |  | 33,661 |  |  | — |  |  | — |  |  |  | 229,469 |
Other amortization | 16,688 |  |  | 3,532 |  |  | 1,517 |  |  | — |  |  | — |  |  |  | 21,737 |
Deferred income taxes | (3,191) |  |  | (1,955) |  |  | 1,317 |  |  | — |  |  | — |  |  |  | (3,829) |
State refundable credit | (7,120) |  |  | (1,672) |  |  | (1,790) |  |  | — |  |  | — |  |  |  | (10,582) |
Bad debt expense | 1,159 |  |  | 509 |  |  | 515 |  |  | — |  |  | — |  |  |  | 2,183 |
Allowance for equity funds used during construction | (7,734) |  |  | (586) |  |  | (1,214) |  |  | — |  |  | — |  |  |  | (9,534) |
Bill credits | 1,400 |  |  | 300 |  |  | 300 |  |  | — |  |  | — |  |  |  | 2,000 |
Other | 366 |  |  | (41) |  |  | 1,025 |  |  | — |  |  | — |  |  |  | 1,350 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Increase in accounts receivable | (41,727) |  |  | (6,832) |  |  | (3,071) |  |  | — |  |  | 1,540 |  | [1] |  | (50,090) |
Increase in accrued unbilled revenues | (18,345) |  |  | (5,816) |  |  | (3,303) |  |  | — |  |  | — |  |  |  | (27,464) |
Increase in fuel oil stock | (32,407) |  |  | (4,343) |  |  | (9,090) |  |  | — |  |  | — |  |  |  | (45,840) |
Decrease (increase) in materials and supplies | (3,220) |  |  | 169 |  |  | (1,482) |  |  | — |  |  | — |  |  |  | (4,533) |
Decrease (increase) in regulatory assets | (15,422) |  |  | 24 |  |  | 1,524 |  |  | — |  |  | — |  |  |  | (13,874) |
Increase (decrease) in regulatory liabilities | 16,269 |  |  | (1,031) |  |  | 120 |  |  |  |  |  |  |  | 15,358 |
Increase in accounts payable | 9,828 |  |  | 4,723 |  |  | 3,120 |  |  | — |  |  | — |  |  |  | 17,671 |
Change in prepaid and accrued income taxes, tax credits and revenue taxes | 21,217 |  |  | 3,861 |  |  | 1,938 |  |  | — |  |  | (86) |  | [1] |  | 26,930 |
Decrease in defined benefit pension and other postretirement benefit plans liability | (3,480) |  |  | (950) |  |  | (724) |  |  | — |  |  | — |  |  |  | (5,154) |
Change in other assets and liabilities | (36,733) |  |  | (5,833) |  |  | (8,196) |  |  | — |  |  | (1,540) |  | [1] |  | (52,302) |
Net cash provided by operating activities | 216,224 |  |  | 45,974 |  |  | 40,721 |  |  | — |  |  | (29,786) |  |  |  | 273,133 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (194,984) |  |  | (50,516) |  |  | (46,500) |  |  | — |  |  | — |  |  |  | (292,000) |
Advances from affiliates | 25,700 |  |  | — |  |  | — |  |  | — |  |  | (25,700) |  | [1] |  | — |
Other | (29,596) |  |  | 1,072 |  |  | 1,073 |  |  |  |  | 33,486 |  | [1],[2] |  | 6,035 |
Net cash used in investing activities | (198,880) |  |  | (49,444) |  |  | (45,427) |  |  | — |  |  | 7,786 |  |  |  | (285,965) |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Common stock dividends | (111,700) |  |  | (14,600) |  |  | (15,100) |  |  | — |  |  | 29,700 |  | [2] |  | (111,700) |
Preferred stock dividends of Hawaiian Electric and subsidiaries | (1,080) |  |  | (534) |  |  | (381) |  |  | — |  |  | — |  |  |  | (1,995) |
Proceeds from issuance of common stock | 54,400 |  |  | 8,803 |  |  | 24,597 |  |  | — |  |  | (33,400) |  | [2] |  | 54,400 |
Proceeds from issuance of long-term debt | 60,000 |  |  | 30,000 |  |  | 25,000 |  |  | — |  |  | — |  |  |  | 115,000 |
Net decrease in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less | — |  |  | (17,800) |  |  | (7,900) |  |  | — |  |  | 25,700 |  | [1] |  | — |
Repayment of short-term debt | (50,000) |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | (50,000) |
Other | (702) |  |  | (119) |  |  | (120) |  |  | — |  |  | — |  |  |  | (941) |
Net cash provided by (used in) financing activities | (49,082) |  |  | 5,750 |  |  | 26,096 |  |  | — |  |  | 22,000 |  |  |  | 4,764 |
Net increase (decrease) in cash, cash equivalents and restricted cash | (31,738) |  |  | 2,280 |  |  | 21,390 |  |  | — |  |  | — |  |  |  | (8,068) |
Cash, cash equivalents and restricted cash, January 1 | 58,171 |  |  | 3,046 |  |  | 2,032 |  |  | 77 |  |  | — |  |  |  | 63,326 |
Cash, cash equivalents and restricted cash, December 31 | 26,433 |  |  | 5,326 |  |  | 23,422 |  |  | 77 |  |  | — |  |  |  | 55,258 |
Less: Restricted cash | (3,089) |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | (3,089) |
Cash and cash equivalents, December 31 | $ | 23,344 |  |  | 5,326 |  |  | 23,422 |  |  | 77 |  |  | — |  |  |  | $ | 52,169 |
Consolidating statement of cash flows Year ended December 31, 2020
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  | Other subsidiaries |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 170,420 |  |  | 28,027 |  |  | 20,392 |  |  | — |  |  | (47,504) |  | [2] |  | $ | 171,335 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Equity in earnings of subsidiaries | (47,504) |  |  | — |  |  | — |  |  | — |  |  | 47,504 |  | [2] |  | — |
Common stock dividends received from subsidiaries | 30,704 |  |  | — |  |  | — |  |  | — |  |  | (30,704) |  | [2] |  | — |
Depreciation of property, plant and equipment | 151,387 |  |  | 39,041 |  |  | 32,305 |  |  | — |  |  | — |  |  |  | 222,733 |
Other amortization | 24,511 |  |  | 5,090 |  |  | 4,145 |  |  | — |  |  | — |  |  |  | 33,746 |
Deferred income taxes | 2,130 |  |  | (463) |  |  | 1,484 |  |  | — |  |  | — |  |  |  | 3,151 |
State refundable credit | (6,668) |  |  | (1,593) |  |  | (1,700) |  |  | — |  |  | — |  |  |  | (9,961) |
Bad debt expense | 1,042 |  |  | 620 |  |  | 453 |  |  | — |  |  | — |  |  |  | 2,115 |
Allowance for equity funds used during construction | (7,335) |  |  | (543) |  |  | (890) |  |  | — |  |  | — |  |  |  | (8,768) |
Accrued environmental reserve | 6,556 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 6,556 |
Other | 1,201 |  |  | 1,322 |  |  | 87 |  |  | — |  |  | — |  |  |  | 2,610 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Increase in accounts receivable | (8,093) |  |  | (3,349) |  |  | (1,343) |  |  | — |  |  | 5,499 |  | [1] |  | (7,286) |
Decrease in accrued unbilled revenues | 8,832 |  |  | 3,327 |  |  | 3,126 |  |  | — |  |  | — |  |  |  | 15,285 |
Decrease in fuel oil stock | 30,226 |  |  | 430 |  |  | 3,043 |  |  | — |  |  | — |  |  |  | 33,699 |
Increase in materials and supplies | (3,910) |  |  | (1,583) |  |  | (1,149) |  |  | — |  |  | — |  |  |  | (6,642) |
Decrease (increase) in regulatory assets | 8,526 |  |  | (2,908) |  |  | (4,611) |  |  | — |  |  | — |  |  |  | 1,007 |
Decrease in regulatory liabilities | (5,490) |  |  | (4,489) |  |  | (6,583) |  |  |  |  |  |  |  | (16,562) |
Decrease in accounts payable | (26,093) |  |  | (1,819) |  |  | (5,217) |  |  | — |  |  | — |  |  |  | (33,129) |
Change in prepaid and accrued income taxes, tax credits and revenue taxes | (25,757) |  |  | (5,483) |  |  | (5,998) |  |  | — |  |  | 58 |  | [1] |  | (37,180) |
Decrease in defined benefit pension and other postretirement benefit plans liability | (3,092) |  |  | (643) |  |  | (571) |  |  | — |  |  | — |  |  |  | (4,306) |
Change in other assets and liabilities | (21,124) |  |  | (8,864) |  |  | 3,635 |  |  | — |  |  | (5,499) |  | [1] |  | (31,852) |
Net cash provided by operating activities | 280,469 |  |  | 46,120 |  |  | 40,608 |  |  | — |  |  | (30,646) |  |  |  | 336,551 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (229,127) |  |  | (64,346) |  |  | (57,391) |  |  | — |  |  | — |  |  |  | (350,864) |
Advances from affiliates | 1,000 |  |  | 8,000 |  |  | — |  |  | — |  |  | (9,000) |  | [1] |  | — |
Other | (14,340) |  |  | 1,032 |  |  | 960 |  |  | (24) |  |  | 18,442 |  | [1],[2] |  | 6,070 |
Net cash used in investing activities | (242,467) |  |  | (55,314) |  |  | (56,431) |  |  | (24) |  |  | 9,442 |  |  |  | (344,794) |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Common stock dividends | (107,134) |  |  | (16,320) |  |  | (14,384) |  |  | — |  |  | 30,704 |  | [2] |  | (107,134) |
Preferred stock dividends of Hawaiian Electric and subsidiaries | (1,080) |  |  | (534) |  |  | (381) |  |  | — |  |  | — |  |  |  | (1,995) |
Proceeds from the issuance of common stock | 34,000 |  |  | 7,500 |  |  | 11,000 |  |  | — |  |  | (18,500) |  | [2] |  | 34,000 |
Proceeds from the issuance of long-term debt | 205,000 |  |  | 10,000 |  |  | 40,000 |  |  | — |  |  | — |  |  |  | 255,000 |
Repayment of long-term debt | (95,000) |  |  | (14,000) |  |  | — |  |  | — |  |  | — |  |  |  | (109,000) |
Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less | (46,987) |  |  | 18,800 |  |  | (19,800) |  |  | — |  |  | 9,000 |  | [1] |  | (38,987) |
Proceeds from issuance of short-term debt | 100,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 100,000 |
Repayment of short-term debt | (100,000) |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | (100,000) |
Other | (1,618) |  |  | (214) |  |  | (377) |  |  | — |  |  | — |  |  |  | (2,209) |
Net cash provided by (used in) financing activities | (12,819) |  |  | 5,232 |  |  | 16,058 |  |  | — |  |  | 21,204 |  |  |  | 29,675 |
Net increase (decrease) in cash, cash equivalents and restricted cash | 25,183 |  |  | (3,962) |  |  | 235 |  |  | (24) |  |  | — |  |  |  | 21,432 |
Cash, cash equivalents and restricted cash, January 1 | 32,988 |  |  | 7,008 |  |  | 1,797 |  |  | 101 |  |  | — |  |  |  | 41,894 |
Cash, cash equivalents and restricted cash, December 31 | 58,171 |  |  | 3,046 |  |  | 2,032 |  |  | 77 |  |  | — |  |  |  | 63,326 |
Less: Restricted cash | (15,966) |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | (15,966) |
Cash and cash equivalents, December 31 | $ | 42,205 |  |  | 3,046 |  |  | 2,032 |  |  | 77 |  |  | — |  |  |  | $ | 47,360 |
Consolidating statement of cash flows Year ended December 31, 2019
(in thousands) | Hawaiian Electric |  | Hawaii Electric Light |  | Maui Electric |  | Other subsidiaries |  | Consolidating adjustments |  |  | Hawaiian Electric Consolidated
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 157,920 |  |  | 21,351 |  |  | 22,731 |  |  | — |  |  | (43,167) |  | [2] |  | $ | 158,835 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Equity in earnings of subsidiaries | (43,204) |  |  | — |  |  | — |  |  | — |  |  | 43,167 |  | [2] |  | (37) |
Common stock dividends received from subsidiaries | 32,783 |  |  | — |  |  | — |  |  | — |  |  | (32,748) |  | [2] |  | 35 |
Depreciation of property, plant and equipment | 143,470 |  |  | 41,812 |  |  | 30,449 |  |  | — |  |  | — |  |  |  | 215,731 |
Other amortization | 23,351 |  |  | 4,810 |  |  | 1,470 |  |  | — |  |  | — |  |  |  | 29,631 |
Deferred income taxes | (13,547) |  |  | (2,383) |  |  | (354) |  |  | — |  |  | — |  |  |  | (16,284) |
State refundable credit | (6,245) |  |  | (559) |  |  | (1,565) |  |  | — |  |  | — |  |  |  | (8,369) |
Bad debt expense | 1,236 |  |  | 470 |  |  | 444 |  |  | — |  |  | — |  |  |  | 2,150 |
Allowance for equity funds used during construction | (9,955) |  |  | (816) |  |  | (1,216) |  |  | — |  |  | — |  |  |  | (11,987) |
Accrued environmental reserve | 406 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 406 |
Other | 27,575 |  |  | (61) |  |  | (55) |  |  | — |  |  | — |  |  |  | 27,459 |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Decrease in accounts receivable | 24,150 |  |  | 2,858 |  |  | 3,029 |  |  | — |  |  | (11,215) |  | [1] |  | 18,822 |
Decrease (increase) in accrued unbilled revenues | 4,902 |  |  | (22) |  |  | (385) |  |  | — |  |  | — |  |  |  | 4,495 |
Decrease (increase) in fuel oil stock | (14,741) |  |  | 2,126 |  |  | 613 |  |  | — |  |  | — |  |  |  | (12,002) |
Decrease (increase) in materials and supplies | (4,585) |  |  | (1,158) |  |  | 245 |  |  | — |  |  | — |  |  |  | (5,498) |
Decrease in regulatory assets | 55,494 |  |  | 9,218 |  |  | 6,550 |  |  | — |  |  | — |  |  |  | 71,262 |
Increase (decrease) in regulatory liabilities | 102 |  |  | (1,558) |  |  | 3,409 |  |  |  |  |  |  |  | 1,953 |
Increase (decrease) in accounts payable | 4,687 |  |  | (3,160) |  |  | (3,578) |  |  | — |  |  | — |  |  |  | (2,051) |
Change in prepaid and accrued income taxes, tax credits and revenue taxes | (24,900) |  |  | (893) |  |  | (3,097) |  |  | — |  |  | 367 |  | [1] |  | (28,523) |
Decrease in defined benefit pension and other postretirement benefit plans liability | (3,033) |  |  | (762) |  |  | (653) |  |  | — |  |  | — |  |  |  | (4,448) |
Change in other assets and liabilities | (15,747) |  |  | (6,152) |  |  | (6,940) |  |  | — |  |  | 11,215 |  | [1] |  | (17,624) |
Net cash provided by operating activities | 340,119 |  |  | 65,121 |  |  | 51,097 |  |  | — |  |  | (32,381) |  |  |  | 423,956 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (311,538) |  |  | (49,811) |  |  | (58,549) |  |  | — |  |  | — |  |  |  | (419,898) |
Advances to affiliates | (27,700) |  |  | (8,000) |  |  | — |  |  | — |  |  | 35,700 |  | [1] |  | — |
Other | 5,241 |  |  | 297 |  |  | 1,303 |  |  | — |  |  | 4,533 |  | [1][2] |  | 11,374 |
Net cash used in investing activities | (333,997) |  |  | (57,514) |  |  | (57,246) |  |  | — |  |  | 40,233 |  |  |  | (408,524) |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Common stock dividends | (101,252) |  |  | (17,680) |  |  | (15,068) |  |  | — |  |  | 32,748 |  | [2] |  | (101,252) |
Preferred stock dividends of Hawaiian Electric and subsidiaries | (1,080) |  |  | (534) |  |  | (381) |  |  | — |  |  | — |  |  |  | (1,995) |
Proceeds from the issuance of common stock | 35,500 |  |  | — |  |  | 4,900 |  |  | — |  |  | (4,900) |  | [2] |  | 35,500 |
Proceeds from the issuance of long-term debt | 190,000 |  |  | 72,500 |  |  | 17,500 |  |  | — |  |  | — |  |  |  | 280,000 |
Repayment of long-term debt and funds transferred for repayment of long-term debt | (183,546) |  |  | (70,000) |  |  | (30,000) |  |  | — |  |  | — |  |  |  | (283,546) |
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less | 46,987 |  |  | — |  |  | 27,700 |  |  | — |  |  | (35,700) |  | [1] |  | 38,987 |
Proceeds from issuance of short-term debt | 75,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 75,000 |
Other | (1,475) |  |  | (508) |  |  | (126) |  |  | — |  |  | — |  |  |  | (2,109) |
Repayment of short-term debt | (50,000) |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  | (50,000) |
Net cash provided by (used in) financing activities | 10,134 |  |  | (16,222) |  |  | 4,525 |  |  | — |  |  | (7,852) |  |  |  | (9,415) |
Net increase (decrease) in cash, cash equivalents and restricted cash | 16,256 |  |  | (8,615) |  |  | (1,624) |  |  | — |  |  | — |  |  |  | 6,017 |
Cash, cash equivalents and restricted cash, January 1 | 16,732 |  |  | 15,623 |  |  | 3,421 |  |  | 101 |  |  | — |  |  |  | 35,877 |
Cash, cash equivalents and restricted cash, December 31 | 32,988 |  |  | 7,008 |  |  | 1,797 |  |  | 101 |  |  | — |  |  |  | 41,894 |
Less: Restricted cash | (30,749) |  |  | (123) |  |  | — |  |  | — |  |  | — |  |  |  | (30,872) |
Cash and cash equivalents, December 31 | $ | 2,239 |  |  | 6,885 |  |  | 1,797 |  |  | 101 |  |  | — |  |  |  | $ | 11,022 |
Explanation of consolidating adjustments on consolidating schedules: [1] Eliminations of intercompany receivables and payables and other intercompany transactions [2] Elimination of investment in subsidiaries, carried at equity

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | he_ElectricUtilitySubsidiaryAbstract
Namespace Prefix: | he_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in condensed consolidating common stock equity. + References No definition available. + Details
Name: | he_ScheduleOfCondensedConsolidatingStatementsOfChangesInCommonStockEquityTableTextBlock
Namespace Prefix: | he_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed consolidating comprehensive income. + References No definition available. + Details
Name: | he_ScheduleOfCondensedConsolidatingStatementsOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | he_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the prices of cumulative preferred stock in the event of voluntary liquidation or redemption. + References No definition available. + Details
Name: | he_ScheduleOfVoluntaryLiquidationAndRedemptionPricesOfCumulativePreferredStockTableTextBlock
Namespace Prefix: | he_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Annual Decoupling Filings [Table Text Block] + References No definition available. + Details
Name: | he_ScheduleofAnnualDecouplingFilingsTableTextBlock
Namespace Prefix: | he_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in carrying amount of a liability for asset retirement obligations, for changes such as new obligations, changes in estimates of existing obligations, spending on existing obligations, property dispositions, and foreign currency translation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13201-110859 + Details
Name: | us-gaap_ScheduleOfChangeInAssetRetirementObligationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets that are created when regulatory agencies permit public utilities to defer certain costs included in rate-setting to the balance sheet. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 340 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6499975&loc=d3e44250-110382 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 715 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6501251&loc=d3e52485-110419 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 340 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6499975&loc=d3e44264-110382 + Details
Name: | us-gaap_ScheduleOfRegulatoryAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of regulatory liabilities. Detailed information about liabilities that result from rate actions of a regulator. Rate actions of a regulator can impose a liability on a regulated enterprise resulting in a regulatory liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 405 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6500807&loc=d3e48068-110394 + Details
Name: | us-gaap_ScheduleOfRegulatoryLiabilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=123419778&loc=SL6759159-111685 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5747-111685 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123419778&loc=SL6228884-111685 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123419778&loc=d3e5728-111685 + Details
Name: | us-gaap_ScheduleOfVariableInterestEntitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration