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

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Credit Agreements

The following table provides the credit agreement capacity, outstanding and undrawn component as of June 30, 2025 and December 31, 2024.

			As of June 30, 2025																		As of December 31, 2024
(in millions)			Capacity						Outstanding						Undrawn						Capacity						Outstanding						Undrawn
HEI corporate:
Unsecured revolving line of credit			$	175					$	51					$	124					$	175					$	173					$	2
Hawaiian Electric:
Unsecured revolving line of credit			200						43						157						200						166						34
ABL Facility1			225						—						225						239						—						239
Borrowing from HEI - standing commitment letter2			75						—						75						75						—						75
Short-term loan credit facility			50						50						—						50						50						—
Total Hawaiian Electric			550						93						457						564						216						348
Total Consolidated HEI2			$	650					$	144					$	506					$	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 June 30, 2025 and December 31, 2024.

(in thousands)			June 30, 2025			December 31, 2024
All Other:
HEI 2.48%-6.10% senior notes due 2025-2052			$	226,286		$	610,000
Pacific Current subsidiaries nonrecourse debt1			—			122,025
HEI revolving credit facility SOFR + 1.80%, due 2026 to 2027			50,500			173,000
Less unamortized debt issuance costs and debt discount1			(1,044)			(6,681)
Less current portion long-term debt, net of unamortized debt issuance cost and debt discount1			(18,541)			(62,171)
All Other long term debt, net			257,201			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			43,000			166,000
Less unamortized debt issuance costs			(6,368)			(6,786)
Less current portion long-term debt, net of unamortized debt issuance cost			(124,897)			(47,000)
Hawaiian Electric long term debt, net			1,606,735			1,854,214
HEI Consolidated long term debt, net			$	1,863,936		$	2,690,387

1     As of June 30, 2025, Pacific Current subsidiaries debt, current portion of long-term debt, unamortized debt issuance cost and debt discount are included in current liabilities held for sale. See “Assets held for sale” in Note 3.

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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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