Maui windstorm and wildfires (Tables)

9 Months Ended

Sep. 30, 2024

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 September 30, 2024				Nine months ended September 30, 2024
(in thousands)	Electric utility		HEI Consolidated		Electric utility		HEI Consolidated
Maui windstorm and wildfires related expenses:
Legal expenses	$	11,821	$	17,963	$	40,169	$	57,990
Wildfire tort-related claims	203,000		203,000		1,915,000		1,915,000
Other expense	13,429		15,433		36,523		41,819
Total Maui windstorm and wildfires related expenses	228,250		236,396		1,991,692		2,014,809
Insurance recoveries	(49,625)		(52,158)		(75,973)		(83,610)
Deferral treatment approved by the PUC1	(8,589)		(8,589)		(24,143)		(24,143)
Total Maui windstorm and wildfires related expenses, net of insurance recoveries and approved deferral treatment	$	170,036	$	175,649	$	1,891,576	$	1,907,056

	Three and nine months ended September 30, 2023				Year ended December 31, 2023
(in thousands)	Electric utility		HEI Consolidated		Electric utility		HEI Consolidated
Maui windstorm and wildfires related expenses:
Legal expenses	$	6,251	$	10,751	$	24,737	$	34,876
Wildfire tort-related claims	75,000		75,000		75,000		75,000
Other expense	7,691		16,831		15,071		28,507
Total Maui windstorm and wildfires related expenses	88,942		102,582		114,808		138,383
Insurance recoveries	(75,000)		(75,000)		(98,613)		(104,580)
Deferral treatment approved by the PUC1	—		—		(14,692)		(14,692)
Total Maui windstorm and wildfires related expenses, net of insurance recoveries and approved deferral treatment	$	13,942	$	27,582	$	1,503	$	19,111

1    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. Amounts were reclassified to a regulatory asset.