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Consolidated Balance Sheets - HECO - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Utility property, plant and equipment    
Right-of-use assets - finance lease $ 448,527 $ 342,834
Total property, plant and equipment, net 6,134,318 5,963,084
Current assets    
Cash and cash equivalents 750,535 244,091
Restricted cash 492,317 15,028
Accounts receivable and unbilled revenues, net 457,171 546,704
Regulatory assets 53,895 68,453
Other long-term assets    
Operating lease right-of-use-assets 66,553 79,686
Regulatory assets 227,424 226,351
Other 368,795 202,358
Total assets 8,931,416 17,243,821
Capitalization    
Common stock equity 1,479,089 2,344,841
Cumulative preferred stock – not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Note 4)
Current liabilities    
Current portion of long-term debt, net 109,171 16,496
Accounts payable 203,452 198,885
Interest and dividends payable 27,203 28,354
Regulatory liabilities 26,568 36,559
Wildfire tort-related claims (Note 2) 478,750 75,000
Other 430,824 403,414
Noncurrent liabilities:    
Operating lease liabilities 56,523 69,972
Finance lease liabilities 426,598 331,262
Deferred income taxes 0 402,246
Regulatory liabilities 1,217,515 1,114,131
Defined benefit plans liability 23,213 78,200
Wildfire tort-related claims (Note 2) 1,436,250 0
Other 242,957 247,637
Total capitalization and liabilities 8,931,416 17,243,821
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,019 52,098
Plant and equipment 8,421,501 8,232,810
Right-of-use assets - finance lease 447,101 342,174
Less accumulated depreciation (3,326,624) (3,197,514)
Construction in progress 365,709 320,223
Utility property, plant and equipment, net 5,959,706 5,749,791
Nonutility property, plant and equipment, less accumulated depreciation of $1 and $40 as of December 31, 2024 and 2023, respectively 2,792 6,942
Total property, plant and equipment, net 5,962,498 5,756,733
Current assets    
Cash and cash equivalents 184,148 106,077
Restricted cash 0 2,000
Accounts receivable and unbilled revenues, net 199,898 244,309
Accrued unbilled revenues, net 178,721 185,644
Other accounts receivable, net 69,637 111,519
Fuel oil stock, at average cost 98,903 148,237
Materials and supplies, at average cost 118,466 114,433
Prepayments and other 151,220 58,491
Regulatory assets 53,895 68,453
Total current assets 1,054,888 1,039,163
Other long-term assets    
Operating lease right-of-use-assets 59,281 71,877
Regulatory assets 227,424 226,351
Defined benefit pension and other postretirement benefit plans asset 108,819 67,568
Other 200,694 121,862
Total other long-term assets 596,218 487,658
Total assets 7,613,604 7,283,554
Capitalization    
Common stock equity 1,156,955 2,409,110
Cumulative preferred stock – not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Note 4)
Long-term debt, net 1,854,214 1,934,277
Total capitalization 3,045,462 4,377,680
Current liabilities    
Current portion of operating lease liabilities 15,202 16,617
Current portion of long-term debt, net 47,000 0
Accounts payable 196,980 191,040
Interest and dividends payable 21,536 22,882
Taxes accrued, including revenue taxes 272,001 291,942
Regulatory liabilities 26,568 36,559
Wildfire tort-related claims (Note 2) 478,750 75,000
Other 121,011 96,436
Total current liabilities 1,227,671 730,476
Noncurrent liabilities:    
Operating lease liabilities 49,135 62,098
Finance lease liabilities 425,625 330,978
Deferred income taxes 0 399,001
Regulatory liabilities 1,217,515 1,114,131
Unamortized tax credits 76,676 84,312
Defined benefit plans liability 6,428 60,671
Wildfire tort-related claims (Note 2) 1,436,250 0
Other 128,842 124,207
Total deferred credits and other liabilities 3,340,471 2,175,398
Total capitalization and liabilities 7,613,604 7,283,554
Hawaiian Electric Company, Inc. and Subsidiaries | Nonrelated Party    
Current liabilities    
Short-term borrowings from non-affiliate $ 48,623 $ 0