XML 44 R29.htm IDEA: XBRL DOCUMENT
v3.25.2

Subsequent event | 6 Months Ended
--- | ---
Jun. 30, 2025
Subsequent Events [Abstract] |
Subsequent event | Subsequent event As a result of HEI’s comprehensive review of strategic options of Pacific Current, on August 1, 2025, Pacific Current and Pacific Current, Solar and Storage Holding Company, LLC (PC Holdco), a newly created wholly owned subsidiary of Pacific Current, entered into a Membership Interest Purchase and Sale Agreement (MIPA) to sell all the membership interest in Pacific Current, Solar and Storage Operating Company, LLC (PC Opco), a newly created wholly owned subsidiary of PC Holdco which owns all of the membership interest in Mauo, LLC, Kaʻieʻie Waho Company, LLC, Upena, LLC and Alenuihaha Developments, LLC (Project Companies), to an unaffiliated third party for cash consideration to be determined under the provisions of the MIPA. The sale transaction closed on August 1, 2025 and as a result, PC Opco and its wholly owned Project Companies are no longer owned by PC Holdco. The sale transaction is not expected to have a material impact to the Company’s consolidated financial statements. In addition, as part of the MIPA agreement but as a separate transaction, Pacific Current agreed to sell all of the membership interest in Mahipapa, LLC to the same unaffiliated third party (the Mahipapa Sale), with each of the parties’ obligations to complete the Mahipapa Sale subject to the conditions set forth in the MIPA.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration