| Schedule of Components of Net Periodic Benefit Cost for Consolidated HEI |
The components of net periodic pension costs and net periodic benefit costs for HEI consolidated and Hawaiian Electric consolidated were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30 | | Six months ended June 30 | | | Pension benefits | | Other benefits | | Pension benefits | | Other benefits | | (in thousands) | | 2026 | | 2025 | | 2026 | | 2025 | | 2026 | | 2025 | | 2026 | | 2025 | | HEI consolidated | | | | | | | | | | | | | | | | | | Service cost | | $ | 9,838 | | | $ | 9,948 | | | $ | 245 | | | $ | 248 | | | $ | 19,676 | | | $ | 19,896 | | | $ | 491 | | | $ | 496 | | | Interest cost | | 27,564 | | | 26,304 | | | 1,778 | | | 1,821 | | | 55,128 | | | 52,609 | | | 3,557 | | | 3,642 | | | Expected return on plan assets | | (33,832) | | | (33,856) | | | (3,590) | | | (3,510) | | | (67,664) | | | (67,713) | | | (7,182) | | | (7,020) | | | | | | | | | | | | | | | | | | | | Amortization of net actuarial (gain)/losses | | 65 | | | 65 | | | (682) | | | (746) | | | 131 | | | 130 | | | (1,364) | | | (1,492) | | | Net periodic pension/benefit cost (return) | | 3,635 | | | 2,461 | | | (2,249) | | | (2,187) | | | 7,271 | | | 4,922 | | | (4,498) | | | (4,374) | | | Impact of PUC D&Os | | 16,619 | | | 17,800 | | | 2,082 | | | 2,024 | | | 33,236 | | | 35,599 | | | 4,166 | | | 4,049 | | | Net periodic pension/benefit cost (return) (adjusted for impact of PUC D&Os) | | $ | 20,254 | | | $ | 20,261 | | | $ | (167) | | | $ | (163) | | | $ | 40,507 | | | $ | 40,521 | | | $ | (332) | | | $ | (325) | | | Hawaiian Electric consolidated | | | | | | | | | | | | | | | | | | Service cost | | $ | 9,650 | | | $ | 9,705 | | | $ | 242 | | | $ | 245 | | | $ | 19,300 | | | $ | 19,410 | | | $ | 485 | | | $ | 490 | | | Interest cost | | 26,667 | | | 25,430 | | | 1,699 | | | 1,740 | | | 53,333 | | | 50,859 | | | 3,398 | | | 3,481 | | | Expected return on plan assets | | (33,039) | | | (33,052) | | | (3,542) | | | (3,461) | | | (66,077) | | | (66,101) | | | (7,087) | | | (6,923) | | | | | | | | | | | | | | | | | | | | Amortization of net actuarial (gain)/losses | | 24 | | | 24 | | | (676) | | | (737) | | | 49 | | | 47 | | | (1,351) | | | (1,474) | | | Net periodic pension/benefit cost (return) | | 3,302 | | | 2,107 | | | (2,277) | | | (2,213) | | | 6,605 | | | 4,215 | | | (4,555) | | | (4,426) | | | Impact of PUC D&Os | | 16,619 | | | 17,800 | | | 2,082 | | | 2,024 | | | 33,236 | | | 35,599 | | | 4,166 | | | 4,049 | | | Net periodic pension/benefit cost (return) (adjusted for impact of PUC D&Os) | | $ | 19,921 | | | $ | 19,907 | | | $ | (195) | | | $ | (189) | | | $ | 39,841 | | | $ | 39,814 | | | $ | (389) | | | $ | (377) | |
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