Hawaiian Electric Industries (HE)

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Honolulu-based Hawaiian Electric Industries, Inc. (NYSE:HE) is a holding company with subsidiaries engaged in electric utilities, banking, freight transportation, real estate development, and other businesses, predominantly in Hawaii. The company also pursues the development of independent power projects in Asia and the Pacific. Electricity is provided by the company's three subsidiaries: The Hawaiian Electric Co. (HECO), Maui Electric Co. (MECO), and Hawaiian Electric Light Co. (HELCO). These utilities are engaged in the production, transmission, distribution, and sale of electricity, serving more than 420,000 customers as the sole public electricity provider on the Islands of Hawaii, Oahu, Maui, Lanai, and Molokai. Most of the company's electricity revenue is generated by HECO, which owns and operates three plants with more than 1,600 megawatts (MW) of generating capacity. The other two regulated utilities contribute the rest of the company's electric utility revenue. Through American Savings Bank (ASB), which has $6.5 billion in assets, 66 retail branches, and is Hawaii's third largest financial institution, HE provides a wide array of banking services. In the 3rd quarter of 2007, electricity and savings bank services accounted for approximately 84% and 16%, respectively, of the company's consolidated revenue. Hawaiian Electric Industries is the largest Hawaii-based company which supplies power to 95% of the Hawaii electric public utility market, and the only electric utility in the U.S. to own a bank.

 Hawaiian Electric Industries

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Company	Data From	Electricity Sales to Other Electric Utilities	HydroElectric/Wind Generation Capacity in Watts	Owned Generation Capacity in Watts	Total Electricity Sales	Retail Sales	Electricity Sales to Residential Customers	Electricity Sales to Industrial Customers	Electricity Sales to Commercial Customers
Dynegy (DYN)	2007	Add	Add	Add	$3.1B	Add	Add	Add	Add
Great Plains Energy (GXP)	2007	$9.9M	30M	4B	$1.29B	Add	$434M	$107M	$492M
Hawaiian Electric Industries (HE)	2006	$10.5M	Add	1.67B	$2.04B	Add	$690M	$648M	$695M
OGE Energy (OGE)	2007	$68.8M	120M	6.23B	$1.84B	Add	$706M	$221M	$450M

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[edit] References

1. ↑ DYN,2007,10-K,page-34,item 6
2. ↑ ^{2.0 2.1 2.2 2.3} GXP,2007,10-K,page-38,item 7
3. ↑ ^{3.0 3.1} GXP,2007,10-K,page-8,item 1
4. ↑ GXP,2007,10-K,page-38,item 6
5. ↑ ^{5.0 5.1 5.2 5.3 5.4} HE,2006,10-K,page-4,item 1
6. ↑ HE,2006,10-K,page-5,item 1
7. ↑ ^{7.0 7.1 7.2 7.3 7.4} OGE,2007,10-K,page-5,item 1
8. ↑ ^{8.0 8.1} OGE,2007,10-K,page-35,item 2