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Retirement benefits - (Tables) - HECO
6 Months Ended
Jun. 30, 2012
Retirement benefits  
Schedule of components of net periodic benefit cost for consolidated HECO

 

 

 

 

Three months ended June 30

 

Six months ended June 30

 

 

 

Pension benefits

 

Other benefits

 

Pension benefits

 

Other benefits

 

(in thousands)

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

11,397

 

$

8,824

 

$

1,008

 

$

1,173

 

$

21,588

 

$

17,741

 

$

2,104

 

$

2,440

 

Interest cost

 

16,973

 

16,271

 

2,223

 

2,417

 

33,744

 

32,580

 

4,504

 

4,878

 

Expected return on plan assets

 

(17,736

)

(17,172

)

(2,557

)

(2,657

)

(35,592

)

(34,273

)

(5,178

)

(5,305

)

Amortization of net transition obligation

 

 

 

 

 

 

1

 

 

 

Amortization of prior service gain

 

(82

)

(97

)

(449

)

(309

)

(163

)

(194

)

(897

)

(533

)

Amortization of net actuarial loss

 

6,403

 

4,314

 

299

 

40

 

12,826

 

8,719

 

752

 

55

 

Net periodic benefit cost

 

16,955

 

12,140

 

524

 

664

 

32,403

 

24,574

 

1,285

 

1,535

 

Impact of PUC D&Os

 

(4,977

)

(556

)

(416

)

1,734

 

(8,834

)

(2,100

)

(1,096

)

2,752

 

Net periodic benefit cost (adjusted for impact of PUC D&Os)

 

$

11,978

 

$

11,584

 

$

108

 

$

2,398

 

$

23,569

 

$

22,474

 

$

189

 

$

4,287

 

Hawaiian Electric Company, Inc. and Subsidiaries
 
Retirement benefits  
Schedule of components of net periodic benefit cost for consolidated HECO

 

 

 

 

Three months ended June 30

 

Six months ended June 30

 

 

 

Pension benefits

 

Other benefits

 

Pension benefits

 

Other benefits

 

(in thousands)

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

11,000

 

$

8,474

 

$

959

 

$

1,129

 

$

20,802

 

$

17,039

 

$

2,007

 

$

2,352

 

Interest cost

 

15,465

 

14,803

 

2,147

 

2,340

 

30,726

 

29,652

 

4,352

 

4,724

 

Expected return on plan assets

 

(15,942

)

(15,352

)

(2,519

)

(2,618

)

(32,002

)

(30,636

)

(5,098

)

(5,226

)

Amortization of net transition obligation

 

 

 

(2

)

(2

)

 

 

(4

)

(4

)

Amortization of net prior service gain

 

(172

)

(187

)

(451

)

(312

)

(344

)

(374

)

(902

)

(539

)

Amortization of net actuarial loss

 

5,845

 

4,016

 

288

 

37

 

11,714

 

8,136

 

728

 

55

 

Net periodic benefit cost

 

16,196

 

11,754

 

422

 

574

 

30,896

 

23,817

 

1,083

 

1,362

 

Impact of PUC D&Os

 

(4,977

)

(556

)

(416

)

1,734

 

(8,834

)

(2,100

)

(1,096

)

2,752

 

Net periodic benefit cost (adjusted for impact of PUC D&Os)

 

$

11,219

 

$

11,198

 

$

6

 

$

2,308

 

$

22,062

 

$

21,717

 

$

(13

)

$

4,114