Hawaiian Electric Industries

Hawaii is a beautiful island destination known for its stunning natural landscapes and warm weather. But behind the scenes, keeping the lights on and the community powered is Hawaiian Electric Industries (HEI). Here are some general facts and information about this company:
1. History: Hawaiian Electric Industries was founded in 1891 as the Honolulu Electric Company, and was the first electric company in Hawaii. In 1966, it merged with the Hawaiian Telephone Company to form HEI.
2. Headquarters: HEI's corporate headquarters are located in Honolulu, Hawaii.
3. Businesses: HEI is a holding company that owns two primary subsidiaries - Hawaiian Electric Company and American Savings Bank.
4. Hawaiian Electric Company: This subsidiary is the primary provider of electricity for the state of Hawaii, serving approximately 95% of the population on Oahu, Maui, Hawaii Island, Lanai, and Molokai.
5. American Savings Bank: This is Hawaii's third-largest financial institution, providing a wide range of banking and financial services to its customers.
6. Renewable energy: In recent years, HEI has focused on incorporating more renewable energy sources into its electricity generation, with a goal of reaching 100% renewable energy by 2045.
7. Community involvement: HEI and its subsidiaries are committed to giving back to the communities they serve through various initiatives, such as volunteer efforts, charitable donations, and partnerships with local organizations.
8. Employee diversity: HEI prides itself on promoting diversity and inclusion in its workforce, with a focus on developing and retaining women and people of various ethnicities and backgrounds in leadership positions.
9. Environmental stewardship: HEI is dedicated to protecting Hawaii's natural resources and minimizing its impact on the environment through sustainable practices and initiatives.
10. Stock ownership: HEI is a publicly traded company, with approximately 90% of its shares owned by institutional investors.
In conclusion, Hawaiian Electric Industries is a major player in Hawaii's economy and community, providing essential services and promoting sustainability and diversity. Its long history and commitment to its customers and environment make it a respected and integral part of the Hawaiian community.

1. Longevity and History: Hawaiian Electric Industries (HEI) has been operating for over 130 years, making it the oldest and largest public utility company in Hawaii. This demonstrates its stability and strong presence in the market.
2. Leading Provider of Electricity: HEI serves over 95% of the Hawaiian population, making it the primary provider of electricity for the state. This gives it a dominant position in the market and significant influence in addressing energy issues and promoting sustainable initiatives.
3. Diverse Portfolio: HEI is a family of businesses with a diverse portfolio that includes not only the electricity generation and distribution company, but also a renewable energy developer, financial services provider, and real estate investment trust. This diversification reduces the company's risk and allows it to capitalize on different opportunities in the market.
4. Focus on Clean Energy: HEI has a strong commitment to promoting clean energy and reducing its carbon footprint. It has set a goal to achieve 100% renewable energy for its customers by 2045 and has already surpassed 30% renewable energy generation.
5. Strong Community Involvement: HEI is deeply rooted in the Hawaiian community and has a strong focus on sustainability and giving back. The company partners with local organizations and invests in programs that support education, culture, environment, and economic development in Hawaii.
6. Strong Financial Performance: HEI has consistently delivered strong financial results, providing stable returns to its shareholders and maintaining a solid credit rating. This financial stability allows the company to continue investing in infrastructure and clean energy initiatives.
7. Innovative Approaches: HEI is known for its innovative approaches to addressing energy challenges. It has implemented programs such as smart grid technology, demand response, and energy efficiency initiatives, which have helped to reduce energy consumption and costs for customers.
8. Awards and Recognitions: HEI has received numerous awards and recognitions for its leadership in the energy industry and its commitment to sustainability, including being named one of the World's Most Ethical Companies by Ethisphere Institute for six consecutive years.
9. Commitment to Employee Development: HEI values its employees and is committed to their growth and development. The company provides a range of career development programs and benefits, as well as a diverse and inclusive workplace culture.
10. Forward-looking Vision: HEI has a clear vision for the future and is constantly adapting to the changing landscape of the energy industry. The company is actively investing in new technologies and exploring new business models to stay ahead of the curve and remain a leader in the industry.