XML 48 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Electric utility subsidiary - Consolidating financial statements (Details 3) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
Dec. 31, 2012
Utility plant, at cost        
Total property, plant and equipment, net $ 3,908,392 $ 3,865,514    
Other long-term assets        
Total assets 10,458,070 10,340,044    
Capitalization        
Common stock equity 1,745,928 1,727,070 1,607,265 1,593,865
Cumulative preferred stock — not subject to mandatory redemption 0 0    
Current liabilities        
Interest and preferred dividends payable 28,520 26,716    
Deferred credits and other liabilities        
Deferred income taxes 538,321 529,260    
Contributions in aid of construction 438,020 432,894    
Total liabilities and shareholders’ equity 10,458,070 10,340,044    
Hawaiian Electric Company
       
Utility plant, at cost        
Land 43,367 43,407    
Plant and equipment 3,606,787 3,558,569    
Less accumulated depreciation (1,234,520) (1,222,129)    
Construction in progress 127,187 124,494    
Utility property, plant and equipment, net 2,542,821 2,504,341    
Nonutility property, plant and equipment, less accumulated depreciation 4,953 4,953    
Total property, plant and equipment, net 2,547,774 2,509,294    
Investment in wholly owned subsidiaries, at equity 526,020 523,674    
Current assets        
Cash and cash equivalents 12,952 61,245 32,661 8,265
Advances to affiliates 19,500 6,839    
Customer accounts receivable, net 114,517 121,282    
Accrued unbilled revenues, net 96,721 107,752    
Other accounts receivable, net 19,007 16,373    
Fuel oil stock, at average cost 134,673 99,613    
Materials and supplies, at average cost 37,707 37,377    
Prepayments and other 17,931 29,798    
Regulatory assets 62,643 54,979    
Total current assets 515,651 535,258    
Other long-term assets        
Regulatory assets 378,608 381,346    
Unamortized debt expense 6,195 6,051    
Other 42,110 42,163    
Total other long-term assets 426,913 429,560    
Total assets 4,016,358 3,997,786    
Capitalization        
Common stock equity 1,606,283 1,593,564 1,476,513 1,472,136
Cumulative preferred stock — not subject to mandatory redemption 22,293 22,293    
Long-term debt, net 830,546 830,547    
Total capitalization 2,459,122 2,446,404    
Current liabilities        
Short-term borrowings from non-affiliates 34,996      
Short-term borrowings from affiliate 100 1,000    
Accounts payable 151,818 145,062    
Interest and preferred dividends payable 16,400 15,190    
Taxes accrued 133,801 175,790    
Regulatory liabilities 1,135 1,705    
Other 47,374 48,443    
Total current liabilities 385,624 387,190    
Deferred credits and other liabilities        
Deferred income taxes 365,668 359,621    
Regulatory liabilities 236,468 235,786    
Unamortized tax credits 46,658 44,931    
Defined benefit pension and other postretirement benefit plans liability 199,070 202,396    
Other 61,762 63,374    
Total deferred credits and other liabilities 909,626 906,108    
Contributions in aid of construction 261,986 258,084    
Total liabilities and shareholders’ equity 4,016,358 3,997,786    
HELCO
       
Utility plant, at cost        
Land 5,462 5,460    
Plant and equipment 1,141,789 1,136,923    
Less accumulated depreciation (459,712) (453,721)    
Construction in progress 9,657 7,709    
Utility property, plant and equipment, net 697,196 696,371    
Nonutility property, plant and equipment, less accumulated depreciation 82 82    
Total property, plant and equipment, net 697,278 696,453    
Current assets        
Cash and cash equivalents 2,442 1,326 2,770 5,441
Advances to affiliates 100 1,000    
Customer accounts receivable, net 26,004 28,088    
Accrued unbilled revenues, net 17,330 17,100    
Other accounts receivable, net 4,320 4,265    
Fuel oil stock, at average cost 13,012 14,178    
Materials and supplies, at average cost 7,270 6,883    
Prepayments and other 2,707 8,334    
Regulatory assets 6,958 6,931    
Total current assets 80,143 88,105    
Other long-term assets        
Regulatory assets 64,379 64,552    
Unamortized debt expense 1,533 1,580    
Other 11,351 11,270    
Total other long-term assets 77,263 77,402    
Total assets 854,684 861,960    
Capitalization        
Common stock equity 277,022 274,802 269,716 268,908
Cumulative preferred stock — not subject to mandatory redemption 7,000 7,000    
Long-term debt, net 189,999 189,998    
Total capitalization 474,021 471,800    
Current liabilities        
Current portion of long-term debt 11,400 11,400    
Accounts payable 18,953 24,383    
Interest and preferred dividends payable 3,882 3,885    
Taxes accrued 31,545 37,899    
Regulatory liabilities 0 0    
Other 9,950 9,033    
Total current liabilities 75,730 86,600    
Deferred credits and other liabilities        
Deferred income taxes 80,454 79,947    
Regulatory liabilities 78,142 76,475    
Unamortized tax credits 14,457 14,245    
Defined benefit pension and other postretirement benefit plans liability 27,750 28,427    
Other 13,985 14,703    
Total deferred credits and other liabilities 214,788 213,797    
Contributions in aid of construction 90,145 89,763    
Total liabilities and shareholders’ equity 854,684 861,960    
Maui Electric
       
Utility plant, at cost        
Land 3,016 3,016    
Plant and equipment 1,014,323 1,006,383    
Less accumulated depreciation (440,228) (435,379)    
Construction in progress 11,758 11,030    
Utility property, plant and equipment, net 588,869 585,050    
Nonutility property, plant and equipment, less accumulated depreciation 1,531 1,532    
Total property, plant and equipment, net 590,400 586,582    
Current assets        
Cash and cash equivalents 1,864 153 1,405 3,349
Customer accounts receivable, net 23,495 26,078    
Accrued unbilled revenues, net 17,813 19,272    
Other accounts receivable, net 2,840 2,451    
Fuel oil stock, at average cost 20,662 20,296    
Materials and supplies, at average cost 15,112 14,784    
Prepayments and other 12,958 16,140    
Regulatory assets 7,854 7,828    
Total current assets 102,598 107,002    
Other long-term assets        
Regulatory assets 59,521 60,288    
Unamortized debt expense 1,396 1,372    
Other 13,925 13,993    
Total other long-term assets 74,842 75,653    
Total assets 767,840 769,237    
Capitalization        
Common stock equity 248,897 248,771 232,051 228,927
Cumulative preferred stock — not subject to mandatory redemption 5,000 5,000    
Long-term debt, net 186,000 186,000    
Total capitalization 439,897 439,771    
Current liabilities        
Short-term borrowings from affiliate 19,500 6,839    
Accounts payable 12,055 20,114    
Interest and preferred dividends payable 3,826 2,585    
Taxes accrued 29,685 37,171    
Regulatory liabilities 302 211    
Other 14,621 15,424    
Total current liabilities 79,989 82,344    
Deferred credits and other liabilities        
Deferred income taxes 68,919 67,593    
Regulatory liabilities 34,869 35,122    
Unamortized tax credits 14,429 14,363    
Defined benefit pension and other postretirement benefit plans liability 30,781 31,339    
Other 13,067 13,658    
Total deferred credits and other liabilities 162,065 162,075    
Contributions in aid of construction 85,889 85,047    
Total liabilities and shareholders’ equity 767,840 769,237    
Other subsidiaries
       
Current assets        
Cash and cash equivalents 101 101 104 104
Total current assets 101 101    
Other long-term assets        
Total assets 101 101    
Capitalization        
Common stock equity 101 101 104 104
Total capitalization 101 101    
Deferred credits and other liabilities        
Total liabilities and shareholders’ equity 101 101    
Consolidating adjustments
       
Utility plant, at cost        
Investment in wholly owned subsidiaries, at equity (526,020) (523,674)    
Current assets        
Advances to affiliates (19,600) (7,839)    
Other accounts receivable, net (9,477) (9,027)    
Prepayments and other (1,297) (1,415)    
Total current assets (30,374) (18,281)    
Other long-term assets        
Total assets (556,394) (541,955)    
Capitalization        
Common stock equity (526,020) (523,674) (501,871) (497,939)
Total capitalization (526,020) (523,674)    
Current liabilities        
Short-term borrowings from affiliate (19,600) (7,839)    
Interest and preferred dividends payable (8) (8)    
Taxes accrued (1,297) (1,415)    
Regulatory liabilities 0 0    
Other (9,469) (9,019)    
Total current liabilities (30,374) (18,281)    
Deferred credits and other liabilities        
Total liabilities and shareholders’ equity (556,394) (541,955)    
HECO Consolidated
       
Utility plant, at cost        
Land 51,845 51,883    
Plant and equipment 5,762,899 5,701,875    
Less accumulated depreciation (2,134,460) (2,111,229)    
Construction in progress 148,602 143,233    
Utility property, plant and equipment, net 3,828,886 3,785,762    
Nonutility property, plant and equipment, less accumulated depreciation 6,566 6,567    
Total property, plant and equipment, net 3,835,452 3,792,329    
Current assets        
Cash and cash equivalents 17,359 62,825 36,940 17,159
Customer accounts receivable, net 164,016 175,448    
Accrued unbilled revenues, net 131,864 144,124    
Other accounts receivable, net 16,690 14,062    
Fuel oil stock, at average cost 168,347 134,087    
Materials and supplies, at average cost 60,089 59,044    
Prepayments and other 32,299 52,857    
Regulatory assets 77,455 69,738    
Total current assets 668,119 712,185    
Other long-term assets        
Regulatory assets 502,508 506,186    
Unamortized debt expense 9,124 9,003    
Other 67,386 67,426    
Total other long-term assets 579,018 582,615    
Total assets 5,082,589 5,087,129    
Capitalization        
Common stock equity 1,606,283 1,593,564 1,476,513 1,472,136
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293    
Long-term debt, net 1,206,545 1,206,545    
Total capitalization 2,847,121 2,834,402    
Current liabilities        
Current portion of long-term debt 11,400 11,400    
Short-term borrowings from non-affiliates 34,996 0    
Accounts payable 182,826 189,559    
Interest and preferred dividends payable 24,100 21,652    
Taxes accrued 193,734 249,445    
Regulatory liabilities 1,437 1,916    
Other 62,476 63,881    
Total current liabilities 510,969 537,853    
Deferred credits and other liabilities        
Deferred income taxes 515,041 507,161    
Regulatory liabilities 349,479 347,383    
Unamortized tax credits 75,544 73,539    
Defined benefit pension and other postretirement benefit plans liability 257,601 262,162    
Other 88,814 91,735    
Total deferred credits and other liabilities 1,286,479 1,281,980    
Contributions in aid of construction 438,020 432,894    
Total liabilities and shareholders’ equity $ 5,082,589 $ 5,087,129