v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
​
Year
​ ​
Summary
Compensation
Table Total for
PEO1
 ​ ​
Compensation
Actually Paid2 to
PEO
​ ​
Average Summary
Compensation
Table Total for
Non-PEO Named
Executive Officers3
 ​ ​
Average
Compensation
Actually Paid2 to
Non-PEO Named
Executive Officers
​ ​
Value of Initial Fixed $100
Investment Based On:
​ ​
Net Income
(Loss)
(in thousands)
​ ​
HEI
Consolidated
Adjusted Net
Income5
(in thousands)
​
​
Total
Shareholder
Return
​ ​
Peer Group4
Total
Shareholder
Return
​
​
(a)
​ ​
(b)
​ ​
(c)
​ ​
(d)
​ ​
(e)
​ ​
(f)
​ ​
(g)
​ ​
(h)
​ ​
(i)
​
​ 2025 ​ ​ ​ $ 4,430,919 ​ ​ ​ ​ $ 3,696,595 ​ ​ ​ ​ $ 2,448,841 ​ ​ ​ ​ $ 2,304,024 ​ ​ ​ ​ $ 39 ​ ​ ​ ​ $ 144 ​ ​ ​ ​ $ 123,120 ​ ​ ​ ​ $ 97,798 ​ ​
​ 2024 ​ ​ ​ ​ 6,536,011 ​ ​ ​ ​ ​ 3,722,841 ​ ​ ​ ​ ​ 2,305,812 ​ ​ ​ ​ ​ 1,901,282 ​ ​ ​ ​ ​ 31 ​ ​ ​ ​ ​ 129 ​ ​ ​ ​ ​ (1,426,009) ​ ​ ​ ​ ​ 180,351 ​ ​
​ 2023 ​ ​ ​ ​ 5,386,250 ​ ​ ​ ​ ​ (87,730) ​ ​ ​ ​ ​ 1,419,395 ​ ​ ​ ​ ​ 242,136 ​ ​ ​ ​ ​ 45 ​ ​ ​ ​ ​ 108 ​ ​ ​ ​ ​ 199,238 ​ ​ ​ ​ ​ 199,238 ​ ​
​ 2022 ​ ​ ​ ​ 3,811,515 ​ ​ ​ ​ ​ 4,046,729 ​ ​ ​ ​ ​ 1,353,755 ​ ​ ​ ​ ​ 1,241,936 ​ ​ ​ ​ ​ 126 ​ ​ ​ ​ ​ 118 ​ ​ ​ ​ ​ 241,138 ​ ​ ​ ​ ​ 230,562 ​ ​
​ 2021 ​ ​ ​ ​ 5,933,523 ​ ​ ​ ​ ​ 7,901,297 ​ ​ ​ ​ ​ 3,002,679 ​ ​ ​ ​ ​ 2,673,496 ​ ​ ​ ​ ​ 121 ​ ​ ​ ​ ​ 117 ​ ​ ​ ​ ​ 246,166 ​ ​ ​ ​ ​ 229,909 ​ ​
1
2025, 2024, 2023 and 2022: Mr. Seu; 2021: Constance Lau (former HEI CEO).
​
2
Compensation Actually Paid is calculated as the summary compensation table total for the Principal Executive Officer (PEO) (column (b) above) and average summary compensation table total for the Non-PEO named executive officers (column (d) above), as applicable, with the adjustments to the value of pension and stock adjusted as set out below pursuant to Item 402(v)(2)(iii) of Regulation S-K*.
​
3
2025: Messrs. DeGhetto and Murao and Ms. Kimura; 2024: Messrs. DeGhetto and Murao and Mss. Kimura and Ann Teranishi (former ASB CEO); 2023: Messrs. DeGhetto, Murao and Paul Ito (former HEI CFO) and Mss. Kimura and Teranishi; 2022: Messrs. Ito, Murao and Gregory Hazelton (former HEI CFO) and Mss. Kimura and Teranishi; 2021: Messrs. Seu, Murao, Hazelton and Richard Wacker (former ASB CEO) and Ms. Teranishi.
​
4
Edison Electric Institute Index.
​
5
HEI Consolidated Adjusted Net Income represents HEI consolidated net income, adjusted to exclude certain items. See paragraphs entitled “Non-GAAP Net Income Metrics” in the Compensation Discussion and Analysis and “Reconciliation of GAAP to Non-GAAP Measures: Incentive Compensation Adjustments,” attached as Exhibit A.
​
*
2025 adjustments pursuant to Item 402(v)(2)(iii) of Regulation S-K:
​
​ ​ ​ ​
PEO
​ ​
Average Non-PEO
Named Executive
Officers
​
​ Summary Compensation Table Total ​ ​ ​ $ 4,430,919 ​ ​ ​ ​ $ 2,448,841 ​ ​
​
Pension adjustments:
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
SCT reversal1
​ ​ ​ ​ (1,153,503) ​ ​ ​ ​ ​ (317,965) ​ ​
​
Service cost2
​ ​ ​ ​ 219,873 ​ ​ ​ ​ ​ 92,664 ​ ​
​
Stock adjustments:
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
SCT reversal3
​ ​ ​ ​ (1,721,450) ​ ​ ​ ​ ​ (364,308) ​ ​
​
New awards outstanding4
​ ​ ​ ​ 1,945,133 ​ ​ ​ ​ ​ 412,134 ​ ​
​
Change in value of prior year awards5
​ ​ ​ ​ 258,756 ​ ​ ​ ​ ​ 81,167 ​ ​
​
New awards vested during the year6
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Vested prior year awards7
​ ​ ​ ​ (283,133) ​ ​ ​ ​ ​ (48,509) ​ ​
​
Forfeitures8
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Compensation Actually Paid ​ ​ ​ $ 3,696,595 ​ ​ ​ ​ $ 2,304,024 ​ ​
​
1
See Item 402(v)(2)(iii)(A) of Regulation S-K.
​
2
See Item 402(v)(2)(iii)(B)(1)(i) of Regulation S-K.
​
3
See Item 402(v)(2)(iii)(C)(1) of Regulation S-K.
​
4
See Item 402(v)(2)(iii)(C)(1)(i) of Regulation S-K.
​
5
See Item 402(v)(2)(iii)(C)(1)(ii) of Regulation S-K.
​
6
See Item 402(v)(2)(iii)(C)(1)(iii) of Regulation S-K.
​
7
See Item 402(v)(2)(iii)(C)(1)(iv) of Regulation S-K.
8
See Item 402(v)(2)(iii)(C)(1)(v) of Regulation S-K.
​
​
        
Company Selected Measure Name HEI Consolidated Adjusted Net Income        
Named Executive Officers, Footnote
1
2025, 2024, 2023 and 2022: Mr. Seu; 2021: Constance Lau (former HEI CEO).
3
2025: Messrs. DeGhetto and Murao and Ms. Kimura; 2024: Messrs. DeGhetto and Murao and Mss. Kimura and Ann Teranishi (former ASB CEO); 2023: Messrs. DeGhetto, Murao and Paul Ito (former HEI CFO) and Mss. Kimura and Teranishi; 2022: Messrs. Ito, Murao and Gregory Hazelton (former HEI CFO) and Mss. Kimura and Teranishi; 2021: Messrs. Seu, Murao, Hazelton and Richard Wacker (former ASB CEO) and Ms. Teranishi.
       
Peer Group Issuers, Footnote
4
Edison Electric Institute Index.
       
PEO Total Compensation Amount $ 4,430,919 $ 6,536,011 $ 5,386,250 $ 3,811,515 $ 5,933,523
PEO Actually Paid Compensation Amount $ 3,696,595 3,722,841 (87,730) 4,046,729 7,901,297
Adjustment To PEO Compensation, Footnote
2
Compensation Actually Paid is calculated as the summary compensation table total for the Principal Executive Officer (PEO) (column (b) above) and average summary compensation table total for the Non-PEO named executive officers (column (d) above), as applicable, with the adjustments to the value of pension and stock adjusted as set out below pursuant to Item 402(v)(2)(iii) of Regulation S-K*.
2025 adjustments pursuant to Item 402(v)(2)(iii) of Regulation S-K:
​
​ ​ ​ ​
PEO
​ ​
Average Non-PEO
Named Executive
Officers
​
​ Summary Compensation Table Total ​ ​ ​ $ 4,430,919 ​ ​ ​ ​ $ 2,448,841 ​ ​
​
Pension adjustments:
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
SCT reversal1
​ ​ ​ ​ (1,153,503) ​ ​ ​ ​ ​ (317,965) ​ ​
​
Service cost2
​ ​ ​ ​ 219,873 ​ ​ ​ ​ ​ 92,664 ​ ​
​
Stock adjustments:
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
SCT reversal3
​ ​ ​ ​ (1,721,450) ​ ​ ​ ​ ​ (364,308) ​ ​
​
New awards outstanding4
​ ​ ​ ​ 1,945,133 ​ ​ ​ ​ ​ 412,134 ​ ​
​
Change in value of prior year awards5
​ ​ ​ ​ 258,756 ​ ​ ​ ​ ​ 81,167 ​ ​
​
New awards vested during the year6
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Vested prior year awards7
​ ​ ​ ​ (283,133) ​ ​ ​ ​ ​ (48,509) ​ ​
​
Forfeitures8
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Compensation Actually Paid ​ ​ ​ $ 3,696,595 ​ ​ ​ ​ $ 2,304,024 ​ ​
​
1
See Item 402(v)(2)(iii)(A) of Regulation S-K.
2
See Item 402(v)(2)(iii)(B)(1)(i) of Regulation S-K.
3
See Item 402(v)(2)(iii)(C)(1) of Regulation S-K.
4
See Item 402(v)(2)(iii)(C)(1)(i) of Regulation S-K.
5
See Item 402(v)(2)(iii)(C)(1)(ii) of Regulation S-K.
6
See Item 402(v)(2)(iii)(C)(1)(iii) of Regulation S-K.
7
See Item 402(v)(2)(iii)(C)(1)(iv) of Regulation S-K.
8
See Item 402(v)(2)(iii)(C)(1)(v) of Regulation S-K.
       
Non-PEO NEO Average Total Compensation Amount $ 2,448,841 2,305,812 1,419,395 1,353,755 3,002,679
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,304,024 1,901,282 242,136 1,241,936 2,673,496
Adjustment to Non-PEO NEO Compensation Footnote
2
Compensation Actually Paid is calculated as the summary compensation table total for the Principal Executive Officer (PEO) (column (b) above) and average summary compensation table total for the Non-PEO named executive officers (column (d) above), as applicable, with the adjustments to the value of pension and stock adjusted as set out below pursuant to Item 402(v)(2)(iii) of Regulation S-K*.
2025 adjustments pursuant to Item 402(v)(2)(iii) of Regulation S-K:
​
​ ​ ​ ​
PEO
​ ​
Average Non-PEO
Named Executive
Officers
​
​ Summary Compensation Table Total ​ ​ ​ $ 4,430,919 ​ ​ ​ ​ $ 2,448,841 ​ ​
​
Pension adjustments:
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
SCT reversal1
​ ​ ​ ​ (1,153,503) ​ ​ ​ ​ ​ (317,965) ​ ​
​
Service cost2
​ ​ ​ ​ 219,873 ​ ​ ​ ​ ​ 92,664 ​ ​
​
Stock adjustments:
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
SCT reversal3
​ ​ ​ ​ (1,721,450) ​ ​ ​ ​ ​ (364,308) ​ ​
​
New awards outstanding4
​ ​ ​ ​ 1,945,133 ​ ​ ​ ​ ​ 412,134 ​ ​
​
Change in value of prior year awards5
​ ​ ​ ​ 258,756 ​ ​ ​ ​ ​ 81,167 ​ ​
​
New awards vested during the year6
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​
Vested prior year awards7
​ ​ ​ ​ (283,133) ​ ​ ​ ​ ​ (48,509) ​ ​
​
Forfeitures8
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Compensation Actually Paid ​ ​ ​ $ 3,696,595 ​ ​ ​ ​ $ 2,304,024 ​ ​
​
1
See Item 402(v)(2)(iii)(A) of Regulation S-K.
2
See Item 402(v)(2)(iii)(B)(1)(i) of Regulation S-K.
3
See Item 402(v)(2)(iii)(C)(1) of Regulation S-K.
4
See Item 402(v)(2)(iii)(C)(1)(i) of Regulation S-K.
5
See Item 402(v)(2)(iii)(C)(1)(ii) of Regulation S-K.
6
See Item 402(v)(2)(iii)(C)(1)(iii) of Regulation S-K.
7
See Item 402(v)(2)(iii)(C)(1)(iv) of Regulation S-K.
8
See Item 402(v)(2)(iii)(C)(1)(v) of Regulation S-K.
       
Compensation Actually Paid vs. Total Shareholder Return
CAP Versus TSR Performance 2021-2025
[MISSING IMAGE: bc_index-pn.jpg]
       
Compensation Actually Paid vs. Net Income
CAP Versus Net Income (Loss) 2021-2025
[MISSING IMAGE: bc_netincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
CAP Versus HEI Consolidated Adjusted Net Income 2021-2025
[MISSING IMAGE: bc_adjusted-pn.jpg]
       
Total Shareholder Return Vs Peer Group
CAP Versus TSR Performance 2021-2025
[MISSING IMAGE: bc_index-pn.jpg]
       
Tabular List, Table
The following financial performance measures, in our assessment, represent the most important financial performance measures used by us to link company performance to the compensation paid to our named executive officers for 2025. These financial performance measures are described in the Compensation Discussion and Analysis, in the tables entitled “2025 Annual Incentive Performance Metrics & Why We Use Them” and “2025-27 Long-Term Incentive Performance Metrics & Why We Use Them.”
​
Financial performance measure
​
​ HEI consolidated adjusted net income ​
​ HEI relative TSR ​
​ Utility adjusted net income ​
       
Total Shareholder Return Amount $ 39 31 45 126 121
Peer Group Total Shareholder Return Amount 144 129 108 118 117
Net Income (Loss) $ 123,120,000 $ (1,426,009,000) $ 199,238,000 $ 241,138,000 $ 246,166,000
Company Selected Measure Amount 97,798,000 180,351,000 199,238,000 230,562,000 229,909,000
PEO Name Mr. Seu        
Measure:: 1          
Pay vs Performance Disclosure          
Name HEI consolidated adjusted net income        
Non-GAAP Measure Description
5
HEI Consolidated Adjusted Net Income represents HEI consolidated net income, adjusted to exclude certain items. See paragraphs entitled “Non-GAAP Net Income Metrics” in the Compensation Discussion and Analysis and “Reconciliation of GAAP to Non-GAAP Measures: Incentive Compensation Adjustments,” attached as Exhibit A.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name HEI relative TSR        
Measure:: 3          
Pay vs Performance Disclosure          
Name Utility adjusted net income        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,153,503)        
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 219,873        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,721,450)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,945,133        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 258,756        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (283,133)        
PEO | Stock Adjustments, Forfeiture [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (317,965)        
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 92,664        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (364,308)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 412,134        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 81,167        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (48,509)        
Non-PEO NEO | Stock Adjustments, Forfeiture [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount