Hawaiian Electric Industries is a holding company that operates three regulated electric utilities serving the Hawaiian islands: Hawaiian Electric Company on Oahu, Hawaii Electric Light Company on Hawaii Island, and Maui Electric Company on Maui, Lanai, and Molokai. The utilities generate, purchase, transmit, and distribute electricity to residential, commercial, industrial, and government customers, earning revenues from volumetric and demand charges as well as from regulatory mechanisms that allow cost recovery for capital investments and operating expenses. The company is focused on modernizing its grid, integrating renewable energy sources, and supporting Hawaii's clean energy transition while optimizing operating and capital efficiencies.