06-02-2013, 07:25 AM
quote:
Originally posted by pahoated
HECO is not the parent company of HELCO. HECO is a division, just like HELCO, only for Oahu.
HELCO and MECO are susidiaries of HECO so tha makes HECO the parent comapany. But yes you are right about the HEI being the overall parent and the issuer of the stock. HECO is part of HEI. Below is from the HECO website.
quote:
Hawaiian Electric Company, Inc. (HECO), and its subsidiaries, Maui Electric Company, Ltd. (MECO), and Hawaii Electric Light Company, Inc. (HELCO), serves 95% of the state’s 1.2 million residents on the islands of O`ahu, Maui, Hawai`i Island, Lana`i and Moloka`i.