Hawaiian Electric Industries

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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.

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See Company Q&A