Reconciliation of electric utility operating income per HEI and HECO consolidated statements of income - HECO (Hawaiian Electric Company, Inc. and Subsidiaries)

6 Months Ended

Jun. 30, 2012

Hawaiian Electric Company, Inc. and Subsidiaries

Reconciliation of electric utility operating income per HEI and HECO consolidated statements of income

9 ·Reconciliation of electric utility operating income per HEI and HECO consolidated statements of income

	Three months ended June 30						Six months ended June 30
(in thousands)	2012			2011			2012			2011
Operating income from regulated and nonregulated activities before income taxes (per HEI consolidated statements of income)	$	61,496		$	42,518		$	118,750		$	87,726
Deduct:
Income taxes on regulated activities	(18,574		)	(11,160		)	(35,939		)	(22,770		)
Revenues from nonregulated activities	(1,867		)	(1,086		)	(3,539		)	(2,120		)
Add: Expenses from nonregulated activities	452			268			816			423
Operating income from regulated activities after income taxes (per HECO consolidated statements of income)	$	41,507		$	30,540		$	80,088		$	63,259