HEI Reports Third Quarter 2026 Results

Scott Seu, CEO of HEI

“Our company continued to execute well on strategic priorities during the third quarter, working to deliver safe, affordable, reliable and resilient power to our customers. Our resilience investments under the Wildfire Mitigation Plan proved beneficial during the severe weather in August and September, which caused damage statewide. Our crews restored power quickly and safely to affected customers. Reducing wildfire risk to our communities remains a top priority and is central to our grid investments. Our Wildfire Mitigation Plan is on schedule, and has significantly reduced wildfire risk across our service territories since 2023. We’ve implemented industry-wide best practices, adopting proven measures used by wildfire-affected utilities on the mainland, and tailored to our very different risk profile. Maintaining the financial capacity to deliver a safe, reliable and resilient grid is essential. We also recognize customers’ significant cost pressures, especially for low-income customers, and are focused on financing and phasing investments to manage bill impacts. Our pending rate rebasing request proposes a 5.3% base rate increase, phased in over two years and aligned with inflation, to support continued grid investment. We also recently sought approval for up to $500 million in wildfire safety and resilience investments through a structure passed by our legislature last year to lower customer costs while advancing public safety.”