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Retirement benefits (Tables)
9 Months Ended
Sep. 30, 2011
Retirement benefits 
Schedule of components of net periodic benefit cost for consolidated HEI

 

 

 

 

Three months ended September 30

 

Nine months ended September 30

 

 

 

Pension benefits

 

Other benefits

 

Pension benefits

 

Other benefits

 

(in thousands)

 

2011

 

2010

 

2011

 

2010

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

8,525

 

$

7,376

 

$

868

 

$

1,248

 

$

26,266

 

$

21,424

 

$

3,308

 

$

3,539

 

Interest cost

 

16,137

 

16,197

 

2,273

 

2,565

 

48,717

 

48,330

 

7,151

 

7,901

 

Expected return on plan assets

 

(17,400

)

(17,272

)

(2,687

)

(2,792

)

(51,673

)

(51,687

)

(7,992

)

(8,310

)

Amortization of unrecognized transition obligation

 

1

 

1

 

 

 

2

 

2

 

 

 

Amortization of prior service gain

 

(98

)

(97

)

(587

)

(83

)

(292

)

(291

)

(1,120

)

(187

)

Recognized actuarial loss (gain)

 

4,005

 

1,942

 

115

 

(5

)

12,724

 

5,449

 

170

 

(8

)

Net periodic benefit cost

 

11,170

 

8,147

 

(18

)

933

 

35,744

 

23,227

 

1,517

 

2,935

 

Impact of PUC D&Os

 

(713

)

2,574

 

327

 

1,512

 

(2,813

)

7,602

 

3,079

 

4,133

 

Net periodic benefit cost (adjusted for impact of PUC D&Os)

 

$

10,457

 

$

10,721

 

$

309

 

$

2,445

 

$

32,931

 

$

30,829

 

$

4,596

 

$

7,068