---
schema_version: "secwatch.filing_event.v1"
accession: "0000354707-26-000044"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2026-07-31T20:09:22+00:00"
generated_at: "2026-07-31T20:10:07.226155+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hawaiian Electric enters new 208 MW PPA with Kalaeloa; capacity charge cut to $93/kW/yr

## Summary
- New PPA for 208 MW firm capacity, 30-year term after commercial operation, replacing existing PPA expected to terminate early 2033.
- Fixed capacity charge reduced to $93/kW per year from $100/kW per year under the old PPA.
- Variable O&M charge set at $0.004/kWh (2023 dollars) escalating with GDPIPD; fixed O&M $96/kW per year.
- PPA subject to PUC approval; if not received within 12 months of submittal, either party may declare it null and void.
- Kalaeloa to repower facility for fuel flexibility and renewable energy qualification under Hawaii RPS.

## SEC filing metadata
- accession: 0000354707-26-000044
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2026-07-31T20:09:22+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000035470726000044/0000354707-26-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000035470726000044/he-20260727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000354707-26-000044
- JSON: https://secwatch.observer/filing/0000354707-26-000044.json
- Plain text: https://secwatch.observer/filing/0000354707-26-000044.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.