| Schedule of Carrying or Notional Amount, Fair Value and Placement in the Fair Value Hierarchy of the Company’s Financial Instruments |
The following table presents the carrying or notional amount, fair value and placement in the fair value hierarchy of the Company’s financial instruments. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Estimated fair value | | (in thousands) | | Carrying or notional amount | | Quoted prices in active markets for identical assets (Level 1) | | Significant other observable inputs (Level 2) | | | | Total | | June 30, 2026 | | | | | | | | | | | | Financial assets | | | | | | | | | | | | HEI consolidated | | | | | | | | | | | | Money market mutual funds | | $ | 112,805 | | | $ | 112,805 | | | $ | — | | | | | $ | 112,805 | | | Hawaiian Electric consolidated | | | | | | | | | | | | Money market mutual funds | | 60,731 | | | 60,731 | | | — | | | | | 60,731 | | | Financial liabilities | | | | | | | | | | | | HEI consolidated | | | | | | | | | | | | | | | | | | | | | | Long-term debt, net1 | | 2,265,630 | | | — | | | 1,893,513 | | | | | 1,893,513 | | | Hawaiian Electric consolidated | | | | | | | | | | | | | | | | | | | | | | | Long-term debt, net | | 2,058,431 | | | — | | | 1,714,930 | | | | | 1,714,930 | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | Financial assets | | | | | | | | | | | | HEI consolidated | | | | | | | | | | | | Money market mutual funds | | $ | 839,380 | | | $ | 839,380 | | | $ | — | | | | | $ | 839,380 | | | Hawaiian Electric consolidated | | | | | | | | | | | | Money market mutual funds | | 345,510 | | | 345,510 | | | — | | | | | 345,510 | | | Financial liabilities | | | | | | | | | | | | HEI consolidated | | | | | | | | | | | | | | | | | | | | | | Long-term debt, net1 | | 2,409,975 | | | — | | | 2,098,593 | | | | | 2,098,593 | | | Hawaiian Electric consolidated | | | | | | | | | | | | | | | | | | | | | | | Long-term debt, net | | 2,182,833 | | | — | | | 1,895,680 | | | | | 1,895,680 | |
1 Carrying or notional amount does not include $52 million related to Mahipapa long term debt, net which is included in “Liabilities held for sale” in HEI’s Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025. See Note 3 for more information.
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