secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0000354707-24-000056
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Hawaiian Electric extends PAR fuel contract to Jan 2029; revises LSFO pricing to dual-index
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- Term extended through January 31, 2029 with automatic one-year renewals unless 120-day notice.
- LSFO pricing for up to 13,500 bbl/day changed to average of two indices to reduce volatility.
- Discount/premium structure revised to only discount structure for all tiers.
- Second Amendment requires Public Utilities Commission of Hawaii approval to become effective.
- Companies will file PUC application requesting cost recovery via energy cost recovery clause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000035470724000056/0000354707-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46207/000035470724000056/he-20240814.htm
  HTML page:      https://secwatch.observer/filing/0000354707-24-000056

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