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Credit agreements, long-term debt and changes in long-term debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Credit Agreements

The following table provides the credit agreement capacity, outstanding and undrawn component as of March 31, 2025 and December 31, 2024.

			As of March 31, 2025																		As of December 31, 2024
(in millions)			Capacity						Outstanding						Undrawn						Capacity						Outstanding						Undrawn
HEI corporate:
Unsecured revolving line of credit			$	175					$	121					$	54					$	175					$	173					$	2
Hawaiian Electric:
Unsecured revolving line of credit			200						121						79						200						166						34
ABL Facility1			220						—						220						239						—						239
Borrowing from HEI - standing commitment letter2			75						—						75						75						—						75
Short-term loan credit facility			50						50						—						50						50						—
Total Hawaiian Electric			545						171						374						564						216						348
Total Consolidated HEI			$	645					$	292					$	353					$	664					$	389					$	275

1 Borrowing capacity is calculated based on eligible customer accounts receivable balance at the end of each period.

2 $75 million borrowing from HEI - standing commitment letter is eliminated in total consolidated HEI amounts.

Schedule of Long-Term Debt

The following table summarizes the long-term debt, net for the Company and Hawaiian Electric as of March 31, 2025 and December 31, 2024.

(in thousands)			March 31, 2025			December 31, 2024
All Other:
HEI 2.48%-6.10% senior notes due 2025-2052			$	610,000		$	610,000
Pacific Current subsidiaries nonrecourse debt			82,500			122,025
HEI revolving credit facility SOFR + 1.80%, due 2026 to 2027			120,500			173,000
Less unamortized debt issuance costs and debt discount			(4,461)			(6,681)
Less current portion long-term debt, net of unamortized debt issuance cost and debt discount			(414,897)			(62,171)
All Other long term debt, net			393,642			836,173
Hawaiian Electric:
Special purpose revenue bonds and unsecured senior notes			1,695,000			1,742,000
Revolving credit facility SOFR + 1.80%, due 2026 to 2027			121,000			166,000
Less unamortized debt issuance costs			(6,576)			(6,786)
Less current portion long-term debt, net of unamortized debt issuance cost			—			(47,000)
Hawaiian Electric long term debt, net			1,809,424			1,854,214
HEI Consolidated long term debt, net			$	2,203,066		$	2,690,387

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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