ASBESTOS UPDATE: Hawaiian Electric Posts $48.7MM ARO at March 31
Hawaiian Electric Industries, Inc.’s Hawaiian Electric Company, Inc. (HECO) subsidiary recorded asset retirement obligations of US$48,714,000 as of March 31, 2011, compared with US$23,985,000 as of March 31, 2010.
AROs recognized by HECO and its subsidiaries relate to obligations to retire…