Hawaiian Electric Industries posts higher first-quarter profit and revenue

9 articles · Updated · MarketWatch · May 8

Net income rose to $30.5 million, or 18 cents a share, from $26.7 million, while revenue increased to $744 million from $738.4 million.
The company also named HEI chief executive Scott Seu to lead utility subsidiary Hawaiian Electric from June 1 under a unified leadership structure.
Current Hawaiian Electric chief executive Shelee Kimura will become president of both companies, while Seu said higher maintenance and operational costs are expected this year.

Amidst massive wildfire settlement costs, can HEI's new leadership restore shareholder value and bring back dividends?

Is Hawaii's potential pivot to LNG a necessary bridge to renewables or another costly fossil fuel dependency?

Can advanced grid technology alone solve Hawaii's energy crisis without relying on controversial bridge fuels like LNG?