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Condensed Consolidated Balance Sheets (unaudited) - HECO - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Utility property, plant and equipment    
Total property, plant and equipment, net $ 6,155,343 $ 6,134,318
Current assets    
Cash and cash equivalents 548,242 750,535
Regulatory assets 36,032 53,895
Total current assets 1,913,700 2,134,326
Other long-term assets    
Operating lease right-of-use assets 58,197 66,553
Total assets 8,813,636 8,931,416
Capitalization    
Retained earnings (705,413) (788,916)
Accumulated other comprehensive income, net of taxes-retirement benefit plans 1,961 3,461
Common stock equity 1,563,836 1,479,089
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Commitments and contingencies (Notes 2 and 4)
Current liabilities    
Current portion of long-term debt, net 143,472 109,171
Accounts payable 217,329 203,452
Interest and preferred dividends payable 34,691 27,203
Regulatory liabilities 37,642 26,568
Wildfire related claims (Note 2) 526,500 478,750
Other 402,034 430,824
Total current liabilities 1,420,743 1,324,591
Deferred credits and other liabilities    
Operating lease liabilities 45,610 56,523
Finance lease liabilities 509,776 426,598
Regulatory liabilities 1,285,879 1,217,515
Defined benefit plans liability 23,080 23,213
Wildfire tort-related claims (Note 2) 1,436,250 1,436,250
Other 198,950 242,957
Total liabilities and shareholders’ equity 8,813,636 8,931,416
Hawaiian Electric Company, Inc. and Subsidiaries    
Utility property, plant and equipment    
Land 52,109 52,019
Plant and equipment 8,636,686 8,421,501
Right-of-use assets - finance lease 540,679 447,101
Less accumulated depreciation (3,487,595) (3,326,624)
Construction in progress 409,735 365,709
Utility property, plant and equipment, net 6,151,614 5,959,706
Nonutility property, plant and equipment, less accumulated depreciation of $1 and $1 as of September 30, 2025 and December 31, 2024, respectively 2,705 2,792
Total property, plant and equipment, net 6,154,319 5,962,498
Current assets    
Cash and cash equivalents 503,871 184,148
Customer accounts receivable, net 192,187 199,898
Accrued unbilled revenues, net 184,347 178,721
Other accounts receivable, net 70,598 69,637
Fuel oil stock, at average cost 111,203 98,903
Materials and supplies, at average cost 132,782 118,466
Prepayments and other 49,387 151,220
Regulatory assets 36,032 53,895
Total current assets 1,280,407 1,054,888
Other long-term assets    
Operating lease right-of-use assets 57,179 59,281
Regulatory assets 251,205 227,424
Defined benefit pension and other postretirement benefit plans asset 112,142 108,819
Investment in unconsolidated affiliate 287,250 0
Other 248,457 200,694
Total other long-term assets 956,233 596,218
Total assets 8,390,959 7,613,604
Capitalization    
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,854,278 shares at September 30, 2025 and December 31, 2024) 119,048 119,048
Premium on capital stock 810,955 810,955
Retained earnings 327,850 223,896
Additional paid-in capital 288,060 270
Accumulated other comprehensive income, net of taxes-retirement benefit plans 2,668 2,786
Common stock equity 1,548,581 1,156,955
Cumulative preferred stock — not subject to mandatory redemption 34,293 34,293
Long-term debt, net 2,057,605 1,854,214
Total capitalization 3,640,479 3,045,462
Commitments and contingencies (Notes 2 and 4)
Current liabilities    
Current portion of operating lease liabilities 16,839 15,202
Current portion of long-term debt, net 124,928 47,000
Accounts payable 214,944 196,980
Interest and preferred dividends payable 28,857 21,536
Taxes accrued, including revenue taxes 245,756 272,001
Regulatory liabilities 37,642 26,568
Wildfire related claims (Note 2) 478,750 478,750
Other 123,627 121,011
Total current liabilities 1,271,343 1,227,671
Deferred credits and other liabilities    
Operating lease liabilities 44,803 49,135
Finance lease liabilities 509,776 425,625
Regulatory liabilities 1,285,879 1,217,515
Unamortized tax credits 69,839 76,676
Defined benefit plans liability 6,444 6,428
Wildfire tort-related claims (Note 2) 1,436,250 1,436,250
Other 126,146 128,842
Total deferred credits and other liabilities 3,479,137 3,340,471
Total liabilities and shareholders’ equity 8,390,959 7,613,604
Hawaiian Electric Company, Inc. and Subsidiaries | Nonrelated Party    
Current liabilities    
Short-term borrowings from non-affiliates, net $ 0 $ 48,623