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Condensed Consolidated Balance Sheets (unaudited) - HECO - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Utility property, plant and equipment    
Total property, plant and equipment, net $ 6,060,000 $ 6,134,318
Current assets    
Cash and cash equivalents 154,285 750,535
Regulatory assets 44,022 53,895
Total current assets 1,540,251 2,134,326
Other long-term assets    
Operating lease right-of-use assets 62,065 66,553
Total assets 8,324,861 8,931,416
Capitalization    
Retained earnings (736,160) (788,916)
Accumulated other comprehensive income, net of taxes-retirement benefit plans 2,695 3,461
Common stock equity 1,534,432 1,479,089
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Notes 2 and 4)
Current liabilities    
Current portion of long-term debt, net 143,438 109,171
Accounts payable 232,944 203,452
Interest and preferred dividends payable 23,921 27,203
Regulatory liabilities 27,396 26,568
Wildfire tort-related claims (Note 2) 478,750 478,750
Other 368,930 430,824
Total current liabilities 1,439,090 1,324,591
Deferred credits and other liabilities    
Operating lease liabilities 49,768 56,523
Finance lease liabilities 462,439 426,598
Regulatory liabilities 1,266,250 1,217,515
Defined benefit pension liability 23,081 23,213
Wildfire tort-related claims (Note 2) 1,436,250 1,436,250
Other 215,322 242,957
Total liabilities and shareholders’ equity 8,324,861 8,931,416
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,108 52,019
Plant and equipment 8,552,594 8,421,501
Right-of-use assets - finance lease 489,404 447,101
Less accumulated depreciation (3,434,285) (3,326,624)
Construction in progress 396,343 365,709
Utility property, plant and equipment, net 6,056,164 5,959,706
Nonutility property, plant and equipment, less accumulated depreciation of $1 and $1 as of June 30, 2025 and December 31, 2024, respectively 2,705 2,792
Total property, plant and equipment, net 6,058,869 5,962,498
Current assets    
Cash and cash equivalents 106,429 184,148
Customer accounts receivable, net 187,211 199,898
Accrued unbilled revenues, net 158,053 178,721
Other accounts receivable, net 86,774 69,637
Fuel oil stock, at average cost 114,539 98,903
Materials and supplies, at average cost 131,253 118,466
Prepayments and other 55,626 151,220
Regulatory assets 44,022 53,895
Total current assets 883,907 1,054,888
Other long-term assets    
Operating lease right-of-use assets 60,943 59,281
Regulatory assets 241,960 227,424
Defined benefit pension and other postretirement benefit plans asset 112,370 108,819
Investment in unconsolidated affiliate 287,250 0
Other 238,360 200,694
Total other long-term assets 940,883 596,218
Total assets 7,883,659 7,613,604
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,854,278 shares at June 30, 2025 and December 31, 2024) 119,048 119,048
Premium on capital stock 810,955 810,955
Retained earnings 300,862 223,896
Additional paid-in capital 288,060 270
Accumulated other comprehensive income, net of taxes-retirement benefit plans 2,692 2,786
Common stock equity 1,521,617 1,156,955
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Long-term debt, net 1,606,735 1,854,214
Total capitalization 3,162,645 3,045,462
Commitments and contingencies (Notes 2 and 4)
Current liabilities    
Current portion of operating lease liabilities 16,795 15,202
Current portion of long-term debt, net 124,897 47,000
Accounts payable 227,153 196,980
Interest and preferred dividends payable 20,891 21,536
Taxes accrued, including revenue taxes 228,825 272,001
Regulatory liabilities 27,396 26,568
Wildfire tort-related claims (Note 2) 478,750 478,750
Other 116,145 121,011
Total current liabilities 1,290,164 1,227,671
Deferred credits and other liabilities    
Operating lease liabilities 48,810 49,135
Finance lease liabilities 462,439 425,625
Regulatory liabilities 1,266,250 1,217,515
Unamortized tax credits 72,337 76,676
Defined benefit pension liability 6,418 6,428
Wildfire tort-related claims (Note 2) 1,436,250 1,436,250
Other 138,346 128,842
Total deferred credits and other liabilities 3,430,850 3,340,471
Total liabilities and shareholders’ equity 7,883,659 7,613,604
Hawaiian Electric Company, Inc. and Subsidiaries | Nonrelated Party    
Current liabilities    
Short-term borrowings from non-affiliates, net $ 49,312 $ 48,623