Hawaiian Electric Company, Inc. • PO Box 2750 • Honolulu, HI 96840-0001 CZ OCD or- •£<^ CO rs> May 23,2<?5 j> HI ro .oo Public Utilities Commission of the State of Hawaii Kekuanaoa Building 465 South King Street, 1'* Floor Honolulu, Hawaii 96813 Subject: FILING OF ANNUAL REPORTS: 2011 HAWAIIAN ELECTRIC COMPANY, INC. PUC ANNUAL UTILITY REPORT Commissioners: Enclosed is a signed and notarized copy of Hawaiian Electric Company, Inc.'s (HECO) 2011 Public Utilities Commission Annual Report for Electric Utilities. Per the general instructions, the respondent shall also file with the Commission, a copy of its annual report prepared for distribution to its security holders and such other reports or schedules as requested. Please see attached copy of transmittal for those reports Hawaiian Electric Company, Inc. filed with the Commission on February 23, 2012. Sincerely, Patsy H. Nanbu Controller Enclosures xc: Division of Consumer Advocacy
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State of Hawaii Kekuanaoa Building 465 South King Street ...Fornn 10-K Annual Report for registrants Hawaiian Electric Industries, Inc. (HEI) and Hawaiian Electric Company, Inc. (HECO)
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Hawaiian Electric Company, Inc. • PO Box 2750 • Honolulu, HI 96840-0001
CZ O C D
o r -
•£<^ CO
rs>
May 23,2<?5 j> H I
ro .oo
Public Utilities Commission of the State of Hawaii
Kekuanaoa Building 465 South King Street, 1'* Floor Honolulu, Hawaii 96813
Subject: FILING OF ANNUAL REPORTS: 2011 HAWAIIAN ELECTRIC COMPANY, INC. PUC ANNUAL UTILITY REPORT
Commissioners:
Enclosed is a signed and notarized copy of Hawaiian Electric Company, Inc.'s (HECO) 2011 Public Utilities Commission Annual Report for Electric Utilities. Per the general instructions, the respondent shall also file with the Commission, a copy of its annual report prepared for distribution to its security holders and such other reports or schedules as requested. Please see attached copy of transmittal for those reports Hawaiian Electric Company, Inc. filed with the Commission on February 23, 2012.
Sincerely,
Patsy H. Nanbu Controller
Enclosures xc: Division of Consumer Advocacy
Hawaiian Electric Company, Inc. • PO Box 2750 . Honolulu, HI 96840-0001
•X) CZ * » » *
Patsy H. Nanbu February 23,2012 5^ g _ | Controller v/wiwwiy «-«, «_w •.- = r ^
N3
rr O — >
Public Utilities Commission ^".^ 9P of the State of Hawaii •' —
465 South King Street ^ Kekuanaoa Building, 1st Floor Honolulu. Hawaii 96813
Subject: Form 10-K Annual Report for 2011
Dear Commissioners:
Enclosed for your files are four (4) copies of the Securities and Exchange Commission Fornn 10-K Annual Report for registrants Hawaiian Electric Industries, Inc. (HEI) and Hawaiian Electric Company, Inc. (HECO) for the year ended December 31, 2011.
In addition also enclosed are four (4) copies of Exhibit 99.2, which is HECO's Consolidated 2011 Financial Statements (with Report of Independent Registered Public Accounting Firm thereon).
Sincerely,
Enclosures
2 xc: Division of Consumer Advocacy (2 copies) o i ^ S
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Annual Report of
BawaUan Electric Company, Inc.
State exact corporate name of retpondent
900 Richards StreeC, Honolulu, HI 96813
Address of Respondent's Principal Buginen OfHce
To the
Public Utilities Commission State of Hawaii
For the year ending
December 31, 2011
Approved Annuo) Repon for
Electric Utilities
Rervised Fonn Approved by Public Utilities Commission
GENERAL INSTRUCTION FOR
PREPARING REPORT
All electric utilities operating within the State of Hawaii shall make their annual report on this form in duplicate and file the original, duly verified in the office of this Commission, on or before March 31si of the following year; retaining duplicate copy for its files.
The form of annual report is prepared in conformity with Uniform System of Accounts for Public Utilities as prescribed by this Commission, and all accounting words and phrases are to be interpreted in accordance with ihe said classification.
The word "Respondent" wherever used in this report, means the person, corporation, licensee, agency, authority, or other legal entity or instrumentality in whose behalf the report is made.
Each annual repon should in all particulars be complete in itself and references to returns of former years or to other reports should not be made to take the place of information as required herein.
Where information, required herein, is not given, slate fully the reason for its omission.
The report should be made on typewriter, as all forms are designed therefor. All entries should be typed in black except those of contrary or opposite character which should be typed in red or enclosed in parenthesis. If it is necessary or advisable to insert additional statements for the piu-pose of further explanation of accounts or schedules, they should be lyped on paper of durable quality and should conform with this in size of page and be securely appended hereto.
The repon is designed to cover the calendar year. Each utility shall close its books at the end of each calendar year unless otherwise authorized by the Commission.
Respondent may, in lieu of filing this report, file a copy of the annual report submitted to the Federal Power Commission (Form I). In addition to filing either report, respondent shall also file with the Commission, a copy of its annual report prepared for distribution to its security holders and such other reports or schedules as requested.
Page Nos. 3-4. ORGANIZATION AND CONTROL OF RESPONDENT. Answer all questions as indicated.
Page Nos. 5-6. Schedule A—COMPARATIVE BALANCE SHEET. The balance at the beginning and at the close of the year appearing in the respective accounu on the respondent's books, as well as the increase or decrease, should be reponed on this schedule for each item; all entries on the balance sheet should be consistent with those shown on supporting schedules.
Page Nos. 7-8-9. Schedules A-1 to A-1.2 inclusive.—ANALYSIS OF UTILITY PLANT ACCOUNTS. The amounts applicable to the various account classifications shall be shown on this schedule. There shall be reported the balances in accounts 101, 102, 103, 104, lOS, 106, 107 and 114, at the beginning of the year, total charges during the year, total credits during year, and the balances at Ihe close of Ihe year. The total of each claMification and the total of all accounts should be in accord with the amounts shown on the Balance Sheet.
D a n a M n 1
Page No. 10. Schedule A-2—ACCUMULATED PROVISIONS FOR DEPRECIATION OF UTILITY PLANT. The accrued depreciation applicable to the various account classifications shall be shown on this schedule. There shall be reported the balances at the beginning of the year, credits and debits during the year and the balance at the end of the year, which should be in accord with the amount shown oa the Balance Sheet.
Page Nos. 11-12-13. Schedules A-2.1 to A-13 inclusive. ANALYSIS OF ACCUMULATED PROVISIONS FOR DEPRECIATION OF UTILITY PLANT. Sute complete analysis as indicated.
Page No. 14. Schedule A-3—ACCUMULATED PROVISIONS FOR AMORTIZATION O F UTILITY PLANT. The total amount of reserves at the bc^nning of the year, credits and debits during year and balance at the end of year for each classification of accounts should be reported on the schedule. Totals should be in accord with amounts shown on Balance Sheet.
Page No. t4-A. Schedule A.4~N0N-UT1L1TY PLANT. Complete schedules as indicated.
Page No. 15. Schedules A-5 to A-6 inclusive. Indicate on these schedules a complete analysis for all corresponding items as appearing on (he Balance Sheet.
Page No. 16. Schedules A-7 to A-9 inclusive. State complete analysis as indicated.
Page No. 17. Schedules A-10 to A-12 inclusive. State complete analysis as indicated.
Page No. 18. Schedule A-13—UNAMORTIZED DEBT DISCOUNT AND EXPENSE. Slate complete anniynis as indicated for each class and series of long-term debt.
date of abandonment, date of Commission Authorization and period over which amortization is being made.
Schedule A-15—MISCELLANEOUS DEFERRED DEBITS. Complete as indicated.
Schedule A-16—DEFERRED REGULATORY COMMISSION EXPENSES. State complete analysis as indicated.
Page No. 20. Schedules A-17 to A-19 inclusive. State complete analysis as indicated.
Page No. 21. Schedule A-20—CAPITAL STOCK EXPENSE. If any change occurred during the year, give particulars of the change. State the reason for any chargeofT of capital stock expense and specify the amount and account charged.
Page No. 22. Schedule A-2I-ANALYSIS OF APPROPRIATED RETAINED EARNINGS. State complete analysis as indicated.
Page No. 23. Schedule A-22—ANALYSIS OF UNAPPROPRIATED RETAINED EARNINGS. State complete analysis as indicated.
Page No. 24. Schedule A-23—LONG-TERM DEBT. State complete analysis as indicated for Bonds. Advances from Associated Companies and Other Long-Term Debt, which should be in accord with the amounts shown on the Balance Sheet.
P*0« No. z
Page No. 25. Schedule A-24—ACCRUED TAXES. There shall be reported the accrued t a x amounts at the beginning
of the year, taxes charged during the year and Ihe balance al the end of year, which should be in accord with the amount shown on the Balance Sheet.
Piige No. 26. Schedules A-25 to A-27 inclusive. Stale complete analysis as indicated.
Piige No. 27. Schedule A-28—UNAMORTIZED PREMIUM ON DEBT. State complete analysis HS indicated on premiums
applicable lo each class and series of long-term debt.
I'ligc No, 2S. Schedules A-29 to A-31 inclusive. State complete analysis as indicated.
I'iigc No. 29. Schedule B—ANALYSIS OF INCOME ACCOUNT. State complete analysis a s indicated.
Page No, 30. Schedule B-1—ANALYSIS OF GROSS OPERATING REVENUES. State complete analysis as indicated.
Page Nos. 31-.14. Schedule B-2—ANALYSIS OF OPERATION AND MAINTENANCE EXPENSE ACCOUNTS,
Stale complete analysis as indicated.
Page No. 35. Schedule B-3~ANALYS1S O F TOTAL CORPORATION TAXES. State complete analysis as indicated.
Pane No. 36, Schedule C—STATISTICAL INFORMATION. State complete analysis as indicated.
Page Nos. 37-38. Schedule D—MISCELLANEOUS DATA. Answer each question fully as indicated.
Page No. 39. Schedule E—CONTINGENT ASSETS A N D LIABILITIES. Give a complete staiement of significant
contingent assets and liabilities at the close of the year.
Page No, 40, VERIFICATION. Complete as indicated.
Paoo No. 2A
ORGANIZATION AND CONTROL OF RESPONDENT
State full and exact name of respondent making this report: Hawaiian Electiic Company. Inc.
Date of Incorporation Expiration Dale of Franchise Nature of Business
Location of Main Business Oflice
October 13. 1891
Electric Public Utility
900 Richards Street, Honolulu, HI 96813 Island and Districts In Which Service Is Supplied:
Oahu, All Districts
Directors
Name
Constance H. Lau (Chairman of the Board) Richard M. Rosenblum (President and Chief Executive Officer)
Don E. Carroll Thomas B. Fargo Peggy Y. Fowler Timothy E. Johns Bert A. Kobayashi. Jr. Kelvin H. Taketa
Address
Honolulu. HI
Honolulu. HI
Honolulu. HI Portland, OR Honolulu. HI Honolulu. HI Honolulu. HI Honolulu. HI
* In 2011, there were seven regular meetings of the HECO Board.
Constance H. Lau Richard M. Rosenblum Robert A. Aim
Stephen M. McMenamin
Tayne S. Y. Sekimura Patricia U, Wong
Date Appointed
May. 2006 January, 2009 March, 2009
September. 2009
September,2009 September, 2009
Shares Owned
Common
0 0 0
0
0 0
Preferred
0 0 0
0
0 0
Page No. 3
State totai Amount of all Outstanding Stock at close of year; $ Common 14.233,723 Shares; par value $ Preferred 1,114.657 Shares; par value $ Preferred Shares; par value $
17.204,240 6 2/3 20
Amount Amount Amount
94,911,100 22,293,140
Does any class of securities carry any special privileges in any elections or in the control of corporate action? If so, describe each such class or issue, showing the character and extend of such privileges:
None
If during the year the respondent acquired other companies or was organized in any respect or merged or consolidated with other companies, state in detail full particulars of such transactions:
None
Furnish complete list showing all companies controlled by respondent, either directly or indirectly: Maui Electric Company, Limited, Hawaii Electric Light Company, Inc., HECO Capital Trust III, Renewable Hawaii, Inc., Uluwehiokama Biofuels Corp.
Furnish complete list showing companies controlling respondent: StnceJuly 1, 1983, Hawaiian Electric Company, Inc. has been a wholly owned subsidiary of Hawaiian Electric Industries, Inc.
Name all kinds of business, other than Utility in which the respondent was engaged at any time during the year. If none, state so: None
State Commission's Docket, Order numbers and effective dates authorizing present classification of rate:
Classification Residential Service General Service Non-Demand General Service Demand Large Power Directly Served Service Large Power Service
Standby Service
"R* "G" "J"
Public Street Lighting, Highway Lighting and Park and Playground Floodlighting
"DS' .,p„
"F" "SS"
Docket No.
04-0113 04-0113 04-0113 04-0113 04-0113
04-0113 04-0113
Order No.
Effective Date
June 20, 2008 June 20,2008 June 20, 2008 June 20,2008 June 20. 2008
June 20, 2008 June 20, 2008
Stale precisely the period covered by this report: January 1. 2011 through December 31.2011
State name, title, and address of officer in charge of correspondence relative to this report: Name Patsy H. Nanbu Title Controller Address 900 Richards Street, Honolulu, HI 96813
Page No. 4
Schedule A COiVIPARATIVE BALANCE SHEET
ASSETS AND OTHER DEBITS
Utility Plant
Utility Plant in Service Accumulated Provision for Deprec, & Amort.
Ulilily Plant Less Resei-ves
Construction Work in Progress Utility Plant Acquisition Adjustments
Accum. Prov. for Amort, of Util. Pli.Acq.Adj. Utility Plam Acquis. Adj. Less Reserves
Other Utility Plant Adjustments
Total Utility Plant Less Reserves
Other Property and Investments Non-Utility Property Less Reserves Investment in Associated Companies Other bivestments Special Funds I'olal Other Property and Investments
Current and Accrued Assets Cash
Special Deposits Working Funds Temporary Cash investments Notes Receivable Customer Accounts Receivable Other Accounts Receivable Accumulated Prov, for Uncollect.Accls.-Cr, Receivables from Associated Companies Fuel Slock Residuals Materials and Supplies-Utility Materials and Supplies-Merchandise Materials and Supplies-Non-Utility Stores Expense Prepayments
Interest and Dividends Receivable Rents Receivable Accrued Utility Revenues Other Current and Accrued Assets
x x x x x x x x x x x 107,097.164 (20,203,988) 86.893,176
38,690,752
125,583,928
x x x x x x x x x x x (87,192)
16,414,934
\hM):}A2
x x x x x x x x x x x (76,198,984)
(100) 0 0
37,757,734 (1,436,677)
(893,513) (1.373,234) 6,756,600
5,361.672
843,891 (16,299.426)
448.000
31,729,958 12,565
(13,291,514)
x x x x x x x x x x x (861,851)
139,557,531
1,913,563
15,668,814 0
156,217,193
284,837,349
Page No, 5
Schedule A COMPARATIVE BALANCE SHEET
LIABILITIES AND OTHER CREDITS
Proprietary Capital Common Stock Issued Preferred Stock Issued Capital Stock Subscribed Premium on Capital Stock Other Paid-hi Capital Discount on Capital Stock Capital Stock Expense Appropriated Retained Eamings Unappropriated Retained Eamings Reacquired Capital Slock
Total Proprietary Capital
Long-Term Debt Bonds
Advances from Associated Companies Other Long-Term Debt
Other Long-Term Debt
Current and Accrued Liabililies Notes Payable Accounts Payable Payables to Associated Companies Customer Deposits Taxes Accrued Interest Accrued Dividends Declared Matured Long-Term Debt Tax Collections Payable Misc. Current and Accmed Liabililies
Total Current and Accrued Liabilities
Deferred Credits Unamortized Premiums on Debt Customer Advances For Construction Other Deferred Credits Accumulated Deferred Investment Tax Cr,
Total Deferred Credits
Operating Reserves Property Insurance Reserve
Injuries and Damages Reserve Pensions and Benefits Reserve
Miscellaneous Operating Reserve
Total Operating Reserves Contributions in Aid of Construction
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Schedule A-4 NON-UTILITY PLANT
DESCRIPTION - NON-UTILITY ASSETS
Aniani SS Site (land) Keawe SS Site (land) Nakuiki SS Site (land) Ohua SS Site (land) Waianae SS Site (land) Heat Pump System E-Business Project Oracle Licenses
TOTAL
Balance Beginning of Year
35,107 4,001,910
491,560 321,740 81,458 59,808
1,147,326 72,618
6,211.527
Debits During Year
-
Credits During Year
72,618
72,618
Balance Close of Year
35,107 4,001,910
491,560 321,740 81,458 59,808
1,147,326 -
6,138.909
Schedule A-4 RESERVE FOR DEPRECIATION
NON-UTILITY PLANT
DESCRIPTION NON-UTILITY ASSETS
Heat Pump System E-Business Project
TOTAL
Balance Beginning
of Year 43,410
1,113,639
1,157,049
Debits During Year
2,284 12,289
14,573
Credits During Year
-
Balance Close of Year
45,694 1,125,928
1,171,622
Page 14A
Schedule A-5 INVESTMENT IN ASSOCIATED COMPANIES
DESCRIPTION OF ITEM
Maui Electric Company, Limited Hawaii Electric Light Company, Inc, Renewable Hawaii HECO Capital Trust III Uluwehiokama Biofuels Corp.
TOTAL
Date Acquired
n/01/68 02/01/70 12/2002 3/2004 9/2007
x x x x x x
Date of Maturity
x x x x x x
Amount Book Cost End of Year
236,053,615 281,055,656
81,313 1,546,400
25,397
518,762,381
Revenues For Year
17,975,273 26,650,980
(5,127) 100,516
(4,383)
44,717,259
Gain or Loss from Investment
Schedule A-5-A OTHER INVESTMENTS
DESCRIPTION OF ITEM
None
TOTAL
Date Acquired
x x x x x x
Date of Maturity
x x x x x x
Amount Book Cost End of Year
Revenues For Year
Gain or Loss from Investment
Schedule A-6 SPECIAL FUNDS
NAME AND PURPOSE OF FUND
None
TOTAL
Balance End of Year
Page No, 15
Schedule A-7 SPECIAL DEPOSITS
DESCRIPTION AND PURPOSE OF DEPOSIT
None
TOTAL
Balance End of Year
Schedule A-8 TEMPORARY CASH INVESTMENTS
DESCRIPTION OF ITEM
None
TOTAL
Par or Stated Value
Book Cost End of Year
Ledger Value
Revenues For Year
Schedule A-9 ACCUMULATED PROVISION FOR UNCOLLECTIBLE ACCOUNTS~CR.
ITEM
Balance Beginning of Year Prov. for Uncollectibles for Year Accounts Written Off Collection of Accts. Written Off Adjustments: (Explain)
BALANCE END OF YEAR
Utility Customers
182,082 2,726,347
(3,011,499) 1,149,565
1,046,495
Merchandise, Jobbing and
Contract Woric
Officers and
Employees Other
177,000 214,898
(201,520) 15,722
206,100
Total
359,082 2,941.245
(3,213,019) 1,165,287
1,252,595
Page No. 16
S c h e d u l e A-10
FUEL S T O C K
Beginning o f Year (excludes
fuel for vehicles)
Purchased During Year:
Consumed During Year:
End o f Year
Fuel for Vehicles
Balance End of Year
Total
Cost
121,280,093
915,928,437
(909,171,837)
128,036,693
0
128,036,693
Steam Barrels
1,168,619
6,969,970
(7,285,178)
853,411
t x x x x x x x x ;
c x x x x x x x x :
Cost
114,222,122
888,017,956
(888,998,553)
113,241,525
0
113,241,525
Diesel
Barrels
47,941
134,016
(109,780)
72,177
c x x x x x x x x :
c x x x x x x x x ;
Cost
7,057,971.
27,910,481
(20,173,284)
14,795,168
0
14,795,168
S c h e d u l e A-11
P R E P A Y M E N T S
NATURE OF PAYMENTS
Prepaid Federal Income Tax
Prepaid State Income Tax
Insurance premiums
Prepaid maintenance
Prepaid rent
Keyman insurance
T O T A L
Balance End of Year
6,949,144
909,149
2,785,826
938,750
74,001
10,792
11,667,662
S c h e d u l e A-12
M I S C E L L A N E O U S CURRENT A N D A C C R U E D A S S E T S
DESCRIPTION OF ITEM
Prepaid interest
Other deposit
T O T A L
Balance
End of Year
5,688,000
12,565
5,700,565
Page No. 17
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Schedule A-14 EXTRAORDINARY PROPERTY LOSSES
DESCRIPTION OF ITEM
None
Total
Total Amount of Loss
Previously Written Off
Written Off During Year Ac. Charged Amount
Balance End of Year
Schedule A-15 MISCELLANEOUS DEFERRED DEBITS
DESCRIPTION OF OTHER DEFERRED DEBITS
Deferred Project Costs - CIS Deferred Project Costs - HR Suites Deferred Project Costs - OMS Cash Surrender Value - Life Insurance Waiau Water Wells Investment Income Differential - 2002A RB Budget System Project Others
Schedule A-21 ANALYSIS OF APPROPRIATED RETAINED EARNINGS
ITEM
Balance beginning of year
CREDITS Give nature of each credit and account charged:
Total Credits
DEBITS Give nature of each credit and account charged:
Total Debits
BALANCE END OF YEAR
Account
x x x x x x x x x x x
x x x x x x x x x x x
x x x x x x x x x x x
x x x x x x x x x x x x x x x x x x x x x x
x x x x x x x x x x x
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0
Page No. 22
Schedule A-22 ANALYSIS OF UNAPPROPRIATED RETAINED EARNINGS
Retained Eamings, Beginning of Year Balance transferred from income account
Miscellaneous Credits
TOTAL CREDITS
Miscellaneous Debits
Dividends Declared - Common Stock Dividends Declared — Preferred Stock
TOTAL DEBITS
RETAINED EARNINGS - End of Year
Amount
854,855,922 101,065,750
955,921,672
70,558,488 1,079,907
71,638,395
884,283,277
Increase or Decrease From Preceding Year
27,819,957 23,396,886
51,216,843
21,789,488 0
21,789,488
29,427,355
Page No, 23
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Schedule A-25 MISCELLANEOUS CURRENT AND ACCRUED LIABILITIES
Description
Accrued Payroll Accrued Vacation Accrued Retirement Plan Contribution Incentive Compensation Programs Executive Incentive Program Customer Downpayment - Preliminary Engineering Accrued Emission Fees Accrued Public Benefits Fund Liability Other miscellaneous
Total
Balance End of Year
6,426,589 5,916,507
334,285,636 25,073
1,300,658 1.378,927 1,495,888 4,520,960
16,680,885
372,031,123
Schedule A-26 CUSTOMER ADVANCES FOR CONSTRUCTION
Item
Balance Beginning of Year Advances By Customers Refunds To Customers
Adjustment
Transferred to Acct. No. 271 Balance End of Year
Debit
0
Credit
262,520
0
Amount
1,878,735 262,520
-
-
-2,141,255
Schedule A-27 OTHER DEFERRED CREDITS
Description of Deferred Credits
Asset Retirement Obiligation OPEB Liability Non-Current Tax Liability Liabilitiy Reserves Solar Saver Fund OPEB Net Periodic Benefit Costs Pension Net Periodic Benefit Costs SFAS 112 Post Employment Liability Revenue Bond Investment Income Differential Deferred Gains Long-term Incentive Plan Unamortized Tenant Improvement Allowances Other Miscellaneous
ANALYSIS OF OPERATION AND MAINTENANCE EXPENSE ACCOUNTS- (Continued)
ACCOUNT TITLE
Maintenance
932 Maintenance of General Plant
TOTAL ADMIN. & GENERAL EXPENSES
TOTAL OPERATING EXPENSES
-TOTAL OPERATION EXPENSES
TOTAL MAINTENANCE EXPENSES
•
Current Year
1,295,035
93,771,089
1,696,891,634
1,615,308,926
81,582,708
Previous Year
898,533
98,245,653
1,300,429,004
1,223,636,582
76,792,422
Page No, 34
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Schedule D
MISCELLANEOUS DATA
Electric Utilities State whellier Electric energy is generated or purchased Generated and purchased [f purchased, state from whom Chevron USA, Inc.. Tesoro Hawaii Corp, AES Hawaii, Inc.Honolulu Program of Waste
Energy Recovery- City & Comity of Honolulu (H-Powcr), Kalaeloa Partners, L.P., Kahuku Wind Power. LLC. Kapolei Sustainable Energy Park, Various Feed in Tariff Projects
Stale terms and duration of conu-act Chevron & Tesoro- continues in.efFcct until terminated; AES-expires 2022; H-Power-expires201S; Kalaeloa Partners -expires 2016; Kahuku Wind Pwer-expircs 2031. Kapolei-expires 2031. Various Feed InTarifl-expires 20 years from coniraci date Stale contract price per K.W. Hr. Chevron. Tesoro, & H-Power - varies in accordance with l-Jeco's short-lerm avoided cost; AES & Kalaeloa Partners- varies depending on dispatch load point; Kahuku Wind Power - fixed annual prices Kapolei - fixed annual prices, Various Feed In Tariff- fixed annual prices
1,755,600 includes purchased capacity of 434,000 KW
Slate whether service supplied is "A-C" or "D-C"
State average daily maximum load on outgoing lines State total bbls. fuel oil: Purchased
Purchased Consumed
1,141,000*" includes purchased power KW A-C
20.804,966 '^' K.W. Hrs,
Slate total cost iuet oi State total cost ftiel oi State total fiiel oil adjustment Revenues Cost of fuel oil per K.W.Hr.: Generated S How often Eire meters tested? Give details
7,103,986; Consumed $915.928.437
7,394.958 ; On hand 925,588 Cost per bbl $128.93
S909.171.837 ; Avg. cost per bbl, consumed $122.94 $879.286,191
0.2063 ; per K.W, Hr. sold $ 0.1255 How many tested?
Meters are calibrated during overhauls, every 3-4 years.
1 swear (or declare) that the foregoing report has been.prepared under my direction, from the originai books, records and documents of the respondent corporation; that I have carefully examined the foregoing report; that 1 believe to the best of my knowledge and information, all statements of fact and all accounts and figures contained in the foregoing report are true; that the said report is a correct and complete statement of the business, affain and all operations of the respondent corporation during the period for which said report has been prepared.
Honolulu, Hawaii f^^^^^ ->J-/1!y^vu^
City or Town Signature of Officer
May 2 1 , 2012 Controller Date Title of Officer
subscnbed and sworn to Deiore me w ^ ' y i w w w i i n , •hi. ^ I S t day a - m — — M J S n 2 ^ ' ' ^ r c ' H " ' %
Firs t , , . . , , . ^""^'^ '"« Marsha C. H. Q & f / ^ ^ ^ n * ! Judicial Circuit := * • ^ O •' •- ^ State of Hawaii Q ^ t . 2 4 , 2 0 1 5 % ^ A ^ ^ ' ^ ^ / l ^ ^
My Commission expires . "^ "^ •>.'' "' riT' -^
C)ocDate:__N/A #pages: 45 Doc. Description: Annual R e p o r f o f ,V,N\\\^^^"""/%