ASBESTOS UPDATE: Hawaiian Electric Posts $49.19MM ARO at June 30

Hawaiian Electric Industries, Inc.’s Hawaiian Electric Company subsidiary recorded asset retirement obligations of US$49,191,000 as of June 30, 2011, compared with US$36,019,000 as of June 30, 2010.

HECO recorded AROs of US$48,714,000 as of March 31, 2011, compared with US$23,985,000 as…

ASBESTOS ALERT: Hawaiian Electric Cites $23M ARO at Sept. 2009

Hawaiian Electric Industries, Inc.’s subsidiary, Hawaiian Electric Company, Inc. (HECO), as of September 2009, recorded an asbestos-related asset retirement obligation of US$23 million.

In July 2009, HECO hired a hygienist to conduct an inspection at HECO’s Honolulu power plant to determine…