Hawaiian Electric Proposes 5.3% Base Rate Increase Phased Over Two Years
Hawaiian Electric Industries (HE) has outlined a proposal for a 5.3% base rate increase, intended to be implemented in phases over a two-year period. Based on the timing of the Public Utilities Commission (PUC), the new rates are projected to take effect around May 2027. During the Q3 2026 earnings call, CEO Scott W. Seu noted that the company has made measurable progress toward key objectives established following the devastating Maui wildfires in 2023. The rate adjustment is part of the utility's ongoing efforts to manage its financial and operational recovery.
Tickers: $HE
Topics: corporate updates earnings call wildfire recovery
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Part of the story Hawaiian Electric Reports Q3 2026 Earnings with Mixed Results Amid Storm Costs and Asset Impairment (7 articles)