Hawaiian Electric Q3 2026: Storm Costs Drag Earnings, Rate Hike Decision Looms
Hawaiian Electric reported higher net income in Q3 2026, but core utility earnings fell sharply due to hurricane-related costs. The company is awaiting regulatory decisions on a 5.3% rate increase and storm-cost recovery, while managing its Maui wildfire settlement obligations. Core utility net income dropped to $27.6M from $39.6M a year earlier, driven by $13.7M […]
Hawaiian Electric Advances Maui Wildfire Settlement Payments Amid Profit Dip
Hawaiian Electric Industries reported Q3 2026 revenue exceeding $1 billion, though operating income fell year-over-year. The company continues making installment payments on its $1.99 billion Maui wildfire settlement, with three annual payments still due through 2029. HEI paid the first $479 million annual settlement installment in April 2026 and has made $80 million in partial […]
Hawaiian Electric Q3 2026: Storm Costs Dip Profits, Wildfire Settlement Payments Continue
Hawaiian Electric Industries reported Q3 2026 GAAP net income of $35.5M, but recurring profits fell due to $13.7M in storm-related costs. The company is making early payments on its wildfire settlement and may seek rate increases by May 2027. HEI’s recurring net income dropped to $23M in Q3 2026, down from $32.8M a year earlier, […]
Lahaina’s Front Street Among Two Maui Tracts Named Federal Opportunity Zones
Governor Green designated 25 census tracts statewide under the federal Opportunity Zones 2.0 program, including two on Maui, to attract private investment into low-income communities. The program offers tax incentives for long-term capital investment, with a focus on housing, clean energy, and economic diversification. Two Maui census tracts, including Lahaina’s Front Street, were designated under […]
Uniqlo Founder Sues Maui Land & Pineapple Over Kapalua Water Billing
TY Management Corp., owned by Uniqlo billionaire Tadashi Yanai, has filed a federal RICO lawsuit against Maui Land & Pineapple Co., alleging the company committed fraud by disguising capital repairs as routine maintenance to inflate water rates charged to Kapalua’s golf courses. The dispute is part of a broader, ongoing fight over control of West […]
Maui County Budget Doubles in Six Years Amid Scrutiny Over Spending Plans
A former Maui County Council chair is calling for greater transparency as the county budget has grown from $823 million to over $1.6 billion in six years, with new spending proposals including $30 million in bonds for Molokai property acquisitions and over $100 million in potential water system purchases. Maui County’s budget has roughly doubled […]
Kapalua Water & Wastewater Rates Rising After Hawaii PUC Approval
Hawaii Water Service has received state approval to raise water and wastewater rates for its Kapalua systems, effective October 2026. The increase will generate roughly $1.94 million in additional annual revenue to recover infrastructure investment costs. The Hawaii Public Utilities Commission approved new water and wastewater rates for Hawaii Water Service’s Kapalua systems, the first […]
Maui County Launches myMauiTAT Online Portal for TAT Account Management
Maui County’s new online portal, myMauiTAT, went live October 5 and allows transient accommodations tax filers to make payments, view balances, and manage their accounts digitally. The launch comes nearly three years after an audit revealed over $9.3 million in delinquent county TAT and flagged serious collection deficiencies. The myMauiTAT portal is now live at […]
Maui Unemployment Ticks Up to 3.1% in September, Still Below State Average
Maui County’s unemployment rate rose to 3.1% in September 2026, up from 2.9% in August and 2.4% a year ago. The Kahului-Wailuku metro area gained 1,000 jobs year-over-year, while leisure and hospitality posted the largest statewide monthly job gains. Maui island unemployment rose to 3.1% in September, up from 2.9% in August and 2.3% in […]
Kapalua Golf Owner Sues Maui Land & Pineapple Over Alleged Water Rate Fraud
TY Management Corp., which operates the Kapalua Golf Courses, has filed a federal racketeering lawsuit against Maui Land & Pineapple, alleging executives doctored records to inflate water rates by over 300% in a single year. The dispute centers on the Honokōhau Ditch System, which supplies water to much of West Maui. TY Management alleges MLP […]