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Maui windstorm and wildfires (Tables) | 9 Months Ended
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Sep. 30, 2024
Unusual or Infrequent Items, or Both [Abstract] |
Schedule of Windstorm and Wildfire Expenses | See table below for the incremental expenses related to the Maui windstorm and wildfires.
|  |  | Three months ended September 30, 2024 |  | Nine months ended September 30, 2024
(in thousands) |  |  |  |  | Electric utility |  | HEI Consolidated |  | Electric utility |  |  |  |  |  | HEI Consolidated
Maui windstorm and wildfires related expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Legal expenses |  |  |  |  | $ | 11,821 |  |  | $ | 17,963 |  |  | $ | 40,169 |  |  |  |  |  |  | $ | 57,990 |
Wildfire tort-related claims |  |  |  |  | 203,000 |  |  | 203,000 |  |  | 1,915,000 |  |  |  |  |  |  | 1,915,000 |
Other expense |  |  |  |  | 13,429 |  |  | 15,433 |  |  | 36,523 |  |  |  |  |  |  | 41,819 |
Total Maui windstorm and wildfires related expenses |  |  |  |  | 228,250 |  |  | 236,396 |  |  | 1,991,692 |  |  |  |  |  |  | 2,014,809 |
Insurance recoveries |  |  |  |  | (49,625) |  |  | (52,158) |  |  | (75,973) |  |  |  |  |  |  | (83,610) |
Deferral treatment approved by the PUC 1 |  |  |  |  | (8,589) |  |  | (8,589) |  |  | (24,143) |  |  |  |  |  |  | (24,143) |
Total Maui windstorm and wildfires related expenses, net of insurance recoveries and approved deferral treatment |  |  |  |  | $ | 170,036 |  |  | $ | 175,649 |  |  | $ | 1,891,576 |  |  |  |  |  |  | $ | 1,907,056 |
|  |  | Three and nine months ended September 30, 2023 |  | Year ended December 31, 2023
(in thousands) |  |  |  |  | Electric utility |  | HEI Consolidated |  | Electric utility |  | HEI Consolidated
Maui windstorm and wildfires related expenses: |  |  |  |  |  |  |  |  |  |  |
Legal expenses |  |  |  |  | $ | 6,251 |  |  | $ | 10,751 |  |  | $ | 24,737 |  |  | $ | 34,876 |
Wildfire tort-related claims |  |  |  |  | 75,000 |  |  | 75,000 |  |  | 75,000 |  |  | 75,000 |
Other expense |  |  |  |  | 7,691 |  |  | 16,831 |  |  | 15,071 |  |  | 28,507 |
Total Maui windstorm and wildfires related expenses |  |  |  |  | 88,942 |  |  | 102,582 |  |  | 114,808 |  |  | 138,383 |
Insurance recoveries |  |  |  |  | (75,000) |  |  | (75,000) |  |  | (98,613) |  |  | (104,580) |
Deferral treatment approved by the PUC 1 |  |  |  |  | — |  |  | — |  |  | (14,692) |  |  | (14,692) |
Total Maui windstorm and wildfires related expenses, net of insurance recoveries and approved deferral treatment |  |  |  |  | $ | 13,942 |  |  | $ | 27,582 |  |  | $ | 1,503 |  |  | $ | 19,111 |
1 Related to the PUC’s order, received on December 27, 2023, approving deferred accounting treatment for the Utilities’ incremental non-labor expenses related to the August 2023 Maui windstorm and wildfires. Amounts were reclassified to a regulatory asset.

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- Definition Tabular disclosure of the nature and financial statement effect of an event or transaction that is unusual in nature or infrequent in occurrence, or both. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483613/220-20-50-1 + Details
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