v3.26.1
Maui windstorm and wildfires (Tables)
 6 Months Ended
Jun. 30, 2026
Unusual or Infrequent Items, or Both [Abstract]  
Schedule of Windstorm and Wildfire Expenses
See table below for the incremental items related to the Maui windstorm and wildfires.
Three months ended June 30, 2026Six months ended June 30, 2026
(in thousands)Electric utility
HEI consolidated
Electric utility
HEI consolidated
Maui windstorm and wildfires related expenses:
Legal expenses$1,109 $3,325 $2,564 $5,232 
Other expense1,116 1,270 1,116 1,378 
Total Maui windstorm and wildfires related expenses2,225 4,595 3,680 6,610 
Insurance recoveries1
(7,870)(7,842)(8,831)(9,174)
Settlement remeasurement2
(153,870)(153,870)(153,870)(153,870)
Accretion expense3
17,714 17,714 17,714 17,714 
Total Maui windstorm and wildfires related items, net
$(141,801)$(139,403)$(141,307)$(138,720)
Three months ended June 30, 2025Six months ended June 30, 2025
(in thousands)Electric utilityHEI consolidatedElectric utilityHEI consolidated
Maui windstorm and wildfires related expenses:
Legal expenses$4,304 $5,888 $8,153 $14,738 
Other expense6,452 6,740 13,899 14,823 
Total Maui windstorm and wildfires related expenses10,756 12,628 22,052 29,561 
Insurance recoveries4
3,620 2,418 556 (4,304)
Deferral treatment approved by the PUC5
(9,889)(9,889)(15,572)(15,572)
Total Maui windstorm and wildfires related expenses, net of insurance recoveries and approved deferral treatment$4,487 $5,157 $7,036 $9,685 
1    Includes $8.5 million recognized as an adjustment to the Wildfire tort-related claims for the three and six months ended June 30, 2026.
2    Represents an adjustment related to remeasuring the remaining settlement liability at present value in accordance with Accounting Standards Codification Topic 835-30 Imputation of Interest.
3    Represents accretion expense related to remeasuring the remaining settlement liability. For the three and six months ended June 30, 2026, the accretion expense amounted to $18 million, which is included in “Interest expense, net” and “Interest expense and other charges, net” in HEI’s and the Utilities’ Condensed Consolidated Statements of Income, respectively.
4    Includes adjustments related to costs that are no longer probable of recovery under the insurance policies. For the three and six months ended June 30, 2025, adjustments amount to $6.6 million, of which, $4.0 million was deferred to a regulatory asset and is reported on line “Deferral treatment approved by the PUC.”
5    Pursuant to the PUC order received on February 12, 2025, deferral accounting treatment limited to insurance premiums and outside services and legal costs associated with the asset-based lending facility credit agreement incurred in 2025 was granted. Applicable amounts were deferred to a regulatory asset.