secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2026-07-31T20:09:22+00:00
Accession:  0000354707-26-000044
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000035470726000044/0000354707-26-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46207/000035470726000044/he-20260727.htm
  HTML page:      https://secwatch.observer/filing/0000354707-26-000044

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