ADDED
(Without Par Value) $ 1,834,863,997 172,611,853 172,620,476 Hawaiian Electric Company, Inc.
($6-2/3 Par Value) None 17,854,278 17,854,278 HAWAIIAN ELECTRIC COMPANY, INC.
MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS (I)(1)(a) AND (b) OF FORM 10-K AND IS THEREFORE FILING THIS FORM WITH THE REDUCED DISCLOSURE FORMAT.
ASB Hawaii ASB Hawaii, Inc., a wholly owned subsidiary of Hawaiian Electric Industries, Inc.
ASC Accounting Standards Codification ASU Accounting Standards Update ATR Affiliate transaction requirements BESS Battery Energy Storage System Btu British thermal unit CBRE Community-based renewable energy CERCLA Comprehensive Environmental Response, Compensation and Liability Act Company When used in Hawaiian Electric Industries, Inc.
Government FERC Federal Energy Regulatory Commission Fitch Fitch Ratings, Inc.
GAAP Accounting principles generally accepted in the United States of America GHG Greenhouse gas ii GLOSSARY OF TERMS (continued) Terms Definitions GLST1 GLST1, LLC, a wholly owned subsidiary of Hawaiian Electric Industries, Inc.
GWh Gigawatt-hour/s (as applicable) Hamakua Energy Hamakua Energy, LLC, previously an indirect subsidiary of Pacific Current.
On March 10, 2025, Hamakua Holdings, LLC was sold and as a result, its wholly owned subsidiary, Hamakua Energy, LLC is no longer owned by Pacific Current as of such closing.
Hamakua Holdings Hamakua Holdings, LLC, previously a direct subsidiary of Pacific Current and parent company of Hamakua Energy, LLC and HAESP, LLC.
REMOVED
(Without Par Value) $ 994,937,083 110,303,446 172,465,608 Hawaiian Electric Company, Inc.
ASB Hawaii ASB Hawaii, Inc., a wholly-owned subsidiary of Hawaiian Electric Industries, Inc.
ASC Accounting Standards Codification ASU Accounting Standards Update ATF Bureau of Alcohol, Tobacco, Firearms and Explosives ATM At-the-market BESS Battery Energy Storage System Btu British thermal unit CAT Climate Advisory Team CBRE Community-based renewable energy CERCLA Comprehensive Environmental Response, Compensation and Liability Act Company When used in Hawaiian Electric Industries, Inc.
Government FERC Federal Energy Regulatory Commission ii GLOSSARY OF TERMS (continued) Terms Definitions Fitch Fitch Ratings, Inc.
GAAP Accounting principles generally accepted in the United States of America GCOD Guaranteed commercial operation date GHG Greenhouse gas GLST1 GLST1, LLC, a wholly-owned subsidiary of Hawaiian Electric Industries, Inc.
Gramm Act Gramm-Leach-Bliley Act of 1999 GSPA Grid Services Purchase Agreement GWh Gigawatt-hour/s (as applicable) Hamakua Energy Hamakua Energy, LLC, an indirect subsidiary of Pacific Current Hawaii Electric Light Hawaii Electric Light Company, Inc., an electric utility subsidiary of Hawaiian Electric Company, Inc.
kW Kilowatt/s (as applicable) kWh Kilowatt-hour/s (as applicable) LIBOR London Inter-Bank Offered Rate LMI Low-to-moderate income LSFO Low sulfur fuel oil LTIP Long-term incentive plan Mahipapa Mahipapa, LLC, a subsidiary of Pacific Current Maui Electric Maui Electric Company, Limited, an electric utility subsidiary of Hawaiian Electric Company, Inc.
RFPs Request for proposals RHI Renewable Hawaii, Inc., a wholly-owned nonregulated subsidiary of Hawaiian Electric Company, Inc.
and Maui Electric Company, Limited VIE Variable interest entity iv Cautionary Note Regarding Forward-Looking Statements This report and other presentations made by Hawaiian Electric Industries, Inc.
As a holding company with no significant operations of its own, HEI s sources of funds are dividends or other distributions from its operating subsidiaries, borrowings, and sales of equity.