HE Stock Discussion

Hawaiian Electric Industries, Inc. Description

Hawaiian Electric Industries, Inc., through its subsidiaries, is engaged in electric utility and banking businesses primarily in Hawaii. The company is involved in the production, purchase, transmission, distribution, and sale of electricity. Its renewable energy sources and potential sources range from wind, solar, photovoltaic, geothermal, wave, hydroelectric, sugarcane waste, municipal waste, and other biofuels, as well as from fuel oil. It distributes and sells electricity on the islands of Oahu, Hawaii, Maui, Lanai, and Molokai; and serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. As of December 31, 2012, the company had net generating and firm purchased capability of 2,331.5 megawatts. It also provides banking and other financial services, such as accepting savings accounts, checking accounts, money market accounts, and certificates of deposit; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans to consumers and business. The company operated 57 branches and 119 automated teller machines. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.

Sector: Utilities
Industry: Utilities - Regulated Electric
Keywords: Banking Electricity Hawaii Biofuel Electric Utility Fuel Oil Residential And Commercial Real Estate Energy Source Sugarcane Energy Sources Renewable Energy Sources Nextera Energy Multifamily Residential And Commercial Real Estate