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Hawaiian Electric Industries
Hawaiian Electric Industries Inc.. (HEI; ) is the largest supplier of electricity in the state of Hawaii, supplying power to 95% of Hawaii's population through its electric utilities: Hawaiian Electric Company, Inc., Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited. In addition, HEI owns a financial institution serving Hawaii, American Savings Bank.〔(HECO > About Us )〕 (The island of Kauai is the only island in the state not supplied by HEI. Instead, the consumer-owned Kauai Island Utility Cooperative manages the island's electricity.) HECO, HELCO, and MECO employ more than 2,000 people. Approximately 20,000 Hawaii residents are shareholders of HECO’s parent company, Hawaiian Electric Industries (HEI).〔(HECO Power Facts )〕 The company is headquartered in Honolulu. The net income of the company reached 164 million dollars by the end of 2012 with a yearly revenue of 3.4 billion dollars.〔(Finance )〕 ==History== Hawaiian Electric Company (often abbreviated HECO, pronounced HEE-coh) incorporated on October 13, 1891.〔(Birth Of HECO )〕 Within about 16 years the utility had 2,500 customers on the island of Oahu. By 1914 HECO had started rural service to the windward side of the island and was marketing electric products like refrigerators and flat irons. By 1937 HECO broke ground on its second power plant, and transmission lines soon crisscrossed Oahu.〔(Electrifying Oahu )〕
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