HEI(US:HE)2025-02-22 04:47Financial Performance - HEI's GAAP income from continuing operations for FY2024 was a loss of $13225 million, or -$1042 EPS[22] - HEI's Core income from continuing operations for FY2024 was $1243 million, or $098 Core EPS[22] - HEI's GAAP loss from discontinued operations (ASB) for FY2024 was $1035 million[18] - HEI's Core income from discontinued operations (ASB) for FY2024 was $794 million[18] - HEI's Adjusted O&M Excluding Pension for 2024 was $5242 million, compared to $4638 million in 2023[35] Wildfire Risk Reduction - HEI plans to invest nearly $400 million in capital from 2025 to 2027 to enhance wildfire safety, with approximately $120 million invested in 2025[11] - Of the $400 million investment, 76% is allocated to grid hardening, 13% to grid modernization, 2% to situational awareness, 8% to operational practices, and 1% to strengthening partnerships[12] - HEI has replaced or upgraded 2124 wood poles and replaced over 20 miles of overhead copper conductor with stronger aluminum conductor[9] Wildfire Tort Litigation - Final settlement agreements were signed in November 2024, consistent with key terms announced in August 2024[17] - The Hawaii Supreme Court issued a decision on February 10, 2025, clarifying the path to final resolution of insurance company claims and finalization of settlement agreements[17] Liquidity - As of the end of 4Q, the HoldCo and Utility had $566 million (including proceeds from ASB sale), and $184 million of unrestricted cash on hand, respectively[28]