Hawaiian Electric Industries, Inc. to Announce First Quarter 2009 Financial Results on May 4, 2009

HONOLULU--(BUSINESS WIRE)--Apr. 29, 2009-- Hawaiian Electric Industries, Inc. (NYSE:HE) said today that it plans to announce its first quarter 2009 financial results on Monday, May 4, 2009.

The Company also announced that it has scheduled a conference call beginning at 2:00 p.m. Eastern time on Wednesday, May 6, 2009. Management will present an overview of first quarter 2009 results and outlook.

Interested parties may listen to the conference by calling (866) 700-7477 and entering passcode: 20133959, or by listening to a webcast on HEI's website at http://www.hei.com.

An on-line replay of the webcast will be available at the same website beginning about two hours after the event. Replays of the teleconference will also be available approximately two hours after the event through May 20, 2009, by dialing (888) 286-8010, passcode: 82965049.

HEI supplies power to over 400,000 customers or 95% of Hawaii’s population through its electric utilities, Hawaiian Electric Company, Inc., Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited and provides a wide array of banking and other financial services to consumers and businesses through American Savings Bank, F.S.B., one of Hawaii’s largest financial institutions.

Forward-Looking Statements

Statements made orally on the above-referenced webcast/conference call may contain “forward-looking statements,” which include statements that are predictive in nature, depend upon or refer to future events or conditions, and usually include words such as expects, anticipates, intends, plans, believes, predicts, estimates or similar expressions. In addition, any statements concerning future financial performance (including future revenues, expenses, earnings or losses or growth rates), ongoing business strategies or prospects and possible future actions, which may be provided by management, are also forward-looking statements. Forward-looking statements are based on current expectations and projections about future events and are subject to risks, uncertainties and assumptions about HEI and its subsidiaries, the performance of the industries in which they do business and economic and market factors, among other things. These forward-looking statements are not guarantees of future performance.

Forward-looking statements made orally on the above-referenced webcast/conference should be read in conjunction with the "Forward-Looking Statements" discussion (which is incorporated by reference herein) set forth on page v and vi of HEI's Annual Report on Form 10-K for the year ended December 31, 2008, and in HEI's future periodic reports that discuss important factors that could cause HEI's results to differ materially from those anticipated in such statements. Forward-looking statements speak only as of the date of the above-referenced webcast/conference call.

Source: Hawaiian Electric Industries, Inc.

Hawaiian Electric Industries, Inc.
Suzy P. Hollinger, 808-543-7385
Manager, Treasury and Investor Relations
Fax: 808-203-1155
shollinger@hei.com