Attached files
HECO Exhibit 99.1
Hawaiian Electric Company, Inc.
RECONCILIATION OF ELECTRIC UTILITY OPERATING
INCOME PER HEI AND HECO CONSOLIDATED
STATEMENTS OF INCOME
Years ended December 31 |
2009 | 2008 | 2007 | |||||||||
(in thousands) |
||||||||||||
Operating income from regulated and nonregulated activities before income taxes (per HEI Consolidated Statements of Income) |
$ | 169,671 | $ | 191,359 | $ | 130,585 | ||||||
Deduct: |
||||||||||||
Income taxes on regulated activities |
(48,212 | ) | (56,307 | ) | (34,126 | ) | ||||||
Revenues from nonregulated activities |
(8,337 | ) | (6,711 | ) | (9,356 | ) | ||||||
Add: |
||||||||||||
Expenses from nonregulated activities |
1,286 | 1,596 | 13,172 | |||||||||
Operating income from regulated activities after income taxes (per HECO Consolidated Statements of Income) |
$ | 114,408 | $ | 129,937 | $ | 100,275 | ||||||