Hawaiian Electric Co., Inc. - $1,000 Green Specimen Bond - Hawaii - Very Rare State

$1,000 9% Specimen Bond printed by Security-Columbian Banknote Company. Hawaiian Electric serves 95 percent of Hawaii’s 1.4 million residents on the islands of Oahu, Maui, Hawaii, Lanai and Molokai. Established in 1891, Hawaiian Electric is committed to empowering its customers and communities by providing affordable, reliable, clean and sustainable energy.

Established in 1891, the Hawaiian Electric Company (HECO) has grown from a small kingdom-era utility to a significant energy provider serving 95% of Hawaii’s 1.4 million residents. Operating on the islands of O?ahu, Maui, Hawai?i, L?na?i, and Moloka?i, the company manages a complex grid that once heavily relied on imported oil but is now rapidly transitioning toward renewable sources. As of late 2025, Hawaiian Electric has achieved a 36% renewable portfolio standard, driven by the widespread adoption of rooftop solar—which now covers nearly half of all O?ahu single-family homes—and substantial investments in grid-scale battery storage facilities like the Kapolei Energy Storage facility.

In recent years, the company’s focus has shifted toward resilience and recovery following the devastating 2023 Maui wildfires. Throughout 2025, Hawaiian Electric has aggressively implemented a new Wildfire Safety Strategy, which includes replacing thousands of utility poles, installing AI-assisted detection cameras, and deploying “sparkless� fuses to mitigate future risks. This operational shift coincides with a significant legal effort; in early 2025, the Hawai?i Supreme Court cleared the way for a $4.037 billion global settlement to resolve wildfire-related litigation. Moving forward, the company remains committed to its long-term goal of reaching 100% renewable energy by 2045, supported by new contracts for large-scale solar and storage projects expected to come online through 2030.