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Hawaiian Electric Industries' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Hawaiian Electric Industries, Inc. (HE)

Q1 2012 Earnings Call

May 9, 2012 1:00 PM ET

Executives

Shelee Kimura – Manager, IR and Strategic Planning

Connie Lau – President and CEO

Jim Ajello – EVP, CFO and Treasurer

Tayne Sekimura – SVP and CFO, Hawaiian Electric Company, Inc.

Dick Rosenblum – President and CEO, Hawaiian Electric Company, Inc.

Analysts

Ashar Khan – Visium

James Krapfel – Morningstar

James Bellessa – DA Davidson

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the First Quarter 2012 Hawaiian Electric Industries Earnings Conference Call. My name is Stacy, and I’ll be your conference moderator for today. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session towards the end of the conference. (Operator Instructions) As a reminder, this conference call is being recorded for replay purposes.

I would now like to turn the presentation over to Ms. Shelee Kimura, Manager of Investor Relations and Strategic Planning. Please proceed.

Shelee Kimura

Thank you, Stacy, and welcome to Hawaiian Electric Industries’ first quarter 2012 earnings conference call. Joining us this morning are Connie Lau, HEI President and Chief Executive Officer; Jim Ajello, HEI Executive Vice President, Chief Financial Officer and Treasurer; Dick Rosenblum, Hawaiian Electric Company President and Chief Executive Officer; and Rich Wacker, American Savings Bank President and Chief Executive Officer, as well as other members of senior management.

Connie will provide an overview of the quarter and an update on our strategy. Jim will then update you on Hawaiian’s economy, our results for the quarter and outlook for the remainder of the year. Then, we will conclude with questions and answers.

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