Maui windstorm and wildfires (Tables)

6 Months Ended

Jun. 30, 2025

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 June 30, 2025			Six months ended June 30, 2025
(in thousands)		Electric utility		HEI Consolidated		Electric utility		HEI Consolidated
Maui windstorm and wildfires related expenses:

Legal expenses		$	4,304	$	5,888	$	8,153	$	14,738




Other expense		6,452		6,740		13,899		14,823

Total Maui windstorm and wildfires related expenses		10,756		12,628		22,052		29,561
Insurance recoveries1		3,620		2,418		556		(4,304)
Deferral treatment approved by the PUC2		(9,889)		(9,889)		(15,572)		(15,572)
Total Maui windstorm and wildfires related expenses, net of insurance recoveries and approved deferral treatment		$	4,487	$	5,157	$	7,036	$	9,685


	Three months ended June 30, 2024				Six months ended June 30, 2024
(in thousands)	Electric utility		HEI Consolidated3		Electric utility		HEI Consolidated3
Maui windstorm and wildfires related expenses:

Legal expenses	$	17,613	$	24,181	$	28,348	$	39,125


Wildfire tort-related claims	1,712,000		1,712,000		1,712,000		1,712,000

Other expense	9,262		11,662		23,094		26,945

Total Maui windstorm and wildfires related expenses	1,738,875		1,747,843		1,763,442		1,778,070
Insurance recoveries	(16,379)		(18,875)		(26,348)		(31,452)
Deferral treatment approved by the PUC2	(7,656)		(7,656)		(15,554)		(15,554)
Total Maui windstorm and wildfires related expenses, net of insurance recoveries and approved deferral treatment	$	1,714,840	$	1,721,312	$	1,721,540	$	1,731,064

1 Includes adjustments related to costs that are no longer probable of recovery under the insurance policies. For the three and six months ended June 30, 2025, adjustments amount to $6.6 million, of which, $4.0 million was deferred to a regulatory asset and is reported on line “Deferral treatment approved by the PUC.”

2 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 incurred through December 31, 2024. Pursuant to the PUC order received on February 12, 2025, deferral accounting treatment limited to insurance premiums and outside services and legal costs associated with the asset-based lending facility credit agreement incurred in 2025 was granted. Applicable amounts were deferred to a regulatory asset.

3 Excludes expenses related to discontinued operations amounting to $0.5 million and $0.3 million for the three and six months ended June 30, 2024, respectively.