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Hawaiian Electric Industries Inc. Message Board

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  • igurumo igurumo Aug 4, 2008 7:50 PM Flag

    Hawaiian Elec 2Q Rev $774.1M Vs $600.8M

    What are you referring to? Earnings were DOWN 71%. The bank LOST money. EPS for HE was 6 cents per share. No whining here, just stating facts. HE will eat into its capital AGAIN to pay its dividend. What part of this is whining, BRAH!

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    • Igurumo,

      Don't sweat the small stuff. I agree with you. One can make excuses for poor performance all they want, but at the end of the day......CASH IS KING. The revenues have been propped up by pass through oil costs together with the oil costs in the purchased power component. While HECO had benefited from an "interim" rate increase, it is just that....interim and subject to a final PUC D&O which may or may not result in a future charge off.

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