Every 8-K that HAWAIIAN ELEC 4.75 J PR (HAWLI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HAWLI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HAWLI filings page.
HAWAIIAN ELECTRIC CO INC (HAWEL), through parent Hawaiian Electric Industries, provides an investor update emphasizing its regulated utility model, wildfire mitigation program, capital plan, and balance sheet strategy. The vertically integrated utilities serve about 1.4 million people across five Hawaii islands with a total regulated rate base of roughly $4 billion as of December 31, 2025.
The company highlights its Performance Based Regulation framework, including formula-driven Annual Revenue Adjustments and performance incentives, and is pursuing an “alternative rate rebasing” case targeting a phased revenue increase beginning January 1, 2027. For Hurricane Lala and earlier Kona Low storms in 2026, estimated operations and maintenance costs are $25–$30 million and storm-related capital expenditures are $30–$40 million, with management planning to seek deferral and recovery subject to regulatory approval.
From 2025–2027, over $400 million of wildfire mitigation and resilience spending is planned, with up to $350 million of Wildfire Mitigation Plan costs approved for recovery primarily via securitization. The plan is part of a broader $2.2–$2.4 billion capital expenditure forecast for 2026–2028. Second-quarter 2026 non-GAAP core net income was $22.5 million, or $0.13 per share, and the utility’s last-twelve-month core return on equity was 5.7%, below allowed levels, while consolidated liquidity at June 30, 2026 was over $1.3 billion and recent Moody’s and S&P upgrades moved ratings closer to investment grade.
Hawaiian Electric Industries, Inc. reported second quarter 2026 GAAP net income of $123 million ($0.71 per share), up from $26 million ($0.15 per share) a year earlier, largely reflecting a non-cash gain from remeasuring the remaining Maui wildfire settlement liability to present value.
The remeasurement reduced the remaining settlement liability from $1.44 billion to $1.30 billion, creating a $154 million reduction to expense and contributing to higher electric utility income. After excluding Maui wildfire-related items and costs tied to the review of strategic options for Pacific Current, Core net income was $22 million ($0.13 per share), down from $35 million ($0.20 per share) in 2025, as higher interest expense and higher operation and maintenance costs more than offset higher revenues and insurance recoveries.
Hawaiian Electric’s Core net income was $33 million versus $42 million last year, while holding and other companies recorded a Core net loss of $10 million versus $7 million. Management expects 2026 adjusted O&M excluding pension to significantly outpace inflation due to higher insurance, storm response, vegetation management, maintenance, IT, and labor costs, and anticipates the maximum ~$3.7 million pre-tax penalty under the Fuel Cost Risk Sharing mechanism. A wildfire mitigation plan cost recovery approval and a recent S&P ratings upgrade are highlighted as supporting execution of the mitigation strategy.
Hawaiian Electric Company, Inc. entered into a new Power Purchase Agreement with Kalaeloa Partners L.P. on July 27, 2026 for 208 MW of firm capacity over a 30-year term, to support repowering Kalaeloa’s facility so its output can qualify as renewable energy under Hawaii’s Renewable Portfolio Standards Law. The agreement is intended to govern power sales after the existing Amended and Restated PPA, which is expected to terminate in early 2033.
The New PPA reduces the annual fixed capacity charge to $93/kW for 208 MW, down from $100/kW under the prior contract, and updates operations and maintenance pricing, including a variable charge of $0.004/kWh, fixed O&M of $96/kW per year, and a $300/hour overhaul component, all in 2023 dollars and escalating with the GDP implicit price deflator. Effectiveness depends on an order from the Hawaii Public Utilities Commission that is acceptable to Hawaiian Electric within specified 12- and 24-month timeframes; if approval is not obtained or Kalaeloa breaches certain obligations, the agreement may be declared null and void.
Hawaiian Electric Industries, Inc. (HEI) reported results of its June 11, 2026 annual shareholder meeting. All nominees for the Board of Directors were elected, each receiving over 121 million votes in favor with similar broker non-vote levels.
Shareholders approved, on an advisory basis, the compensation of HEI’s named executive officers and ratified the appointment of Deloitte & Touche LLP as HEI’s independent registered public accounting firm for 2026. As of the April 6, 2026 record date, 172,635,624 shares of HEI common stock were outstanding and entitled to vote.
For subsidiary Hawaiian Electric Company, Inc., HEI as sole common shareholder acted by written consent on June 11, 2026 to set the board size at twelve, elect the same twelve directors to serve until the next annual meeting, and ratify Deloitte & Touche LLP as the independent registered accounting firm for 2026.
Hawaiian Electric Industries and Hawaiian Electric have triggered payment under wildfire settlement agreements after the final legal condition was met on April 10, 2026. A December 30, 2025 judgment on subrogation claims by over 200 insurers became final when all appeals were dismissed with prejudice.
With all conditions satisfied, the companies authorized the first of four equal annual $479 million installments to settle tort-related claims from the 2023 Maui windstorm and wildfires. This initial $479 million was raised in a September 2024 equity offering and held in a special purpose vehicle until release conditions were fulfilled. The settlement releases are now effective.
Hawaiian Electric Industries and subsidiary Hawaiian Electric Company have reached a proposed $100 million derivative settlement, funded entirely by their insurers, to resolve multiple shareholder derivative suits tied to the August 2023 Maui wildfires. The payment will go to the company in exchange for a full release of claims against current and former directors and officers, with no admission of liability.
Board approval has been obtained, and federal and state court approval is still required. Plaintiffs’ counsel plan to seek attorneys’ fees equal to 25% of the $100 million plus up to $475,000 in expenses. About $47.75 million of the $100 million is expected to help fund an already preliminarily approved securities class action settlement in California.
The filing notes that hundreds of tort lawsuits from the Lahaina fires were recently resolved through a $4 billion global settlement, with Hawaiian Electric reportedly responsible for approximately $1.99 billion. The derivative settlement would close an additional front of litigation, clarifying the role of insurance in covering part of the legal fallout.
Hawaiian Electric Industries reported full-year 2025 net income for common shareholders of $123 million, or $0.71 per share, a sharp turnaround from a net loss of $1.43 billion, or $11.23 per share, in 2024 driven largely by prior wildfire liability accruals.
The electric utility segment earned $168 million in 2025 versus a large loss in 2024, while holding-company net losses narrowed to $45 million from $96 million, helped by lower wildfire and strategic-review expenses. On a non-GAAP Core basis, results exclude Maui wildfire and Pacific Current strategic-review costs.
Regulators approved the utility’s enhanced wildfire safety strategy and completed a wildfire fund study, and a wildfire tort litigation settlement is described as nearing final court approval. The utility achieved a 37% renewable portfolio standard in 2025, kept a typical residential bill stable, and is providing $1 million in customer payment assistance.