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Retirement benefits (Tables)
9 Months Ended
Sep. 30, 2012
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)

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

10,816

 

$

8,525

 

$

1,054

 

$

868

 

$

32,404

 

$

26,266

 

$

3,158

 

$

3,308

 

Interest cost

 

16,868

 

16,137

 

2,252

 

2,273

 

50,612

 

48,717

 

6,756

 

7,151

 

Expected return on plan assets

 

(17,796

)

(17,400

)

(2,579

)

(2,687

)

(53,388

)

(51,673

)

(7,757

)

(7,992

)

Amortization of net transition obligation

 

1

 

1

 

 

 

1

 

2

 

 

 

Amortization of prior service gain

 

(81

)

(98

)

(448

)

(587

)

(244

)

(292

)

(1,345

)

(1,120

)

Amortization of net actuarial loss

 

6,425

 

4,005

 

373

 

115

 

19,251

 

12,724

 

1,125

 

170

 

Net periodic benefit cost

 

16,233

 

11,170

 

652

 

(18

)

48,636

 

35,744

 

1,937

 

1,517

 

Impact of PUC D&Os

 

(3,460

)

(713

)

(552

)

327

 

(12,294

)

(2,813

)

(1,648

)

3,079

 

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

 

$

12,773

 

$

10,457

 

$

100

 

$

309

 

$

36,342

 

$

32,931

 

$

289

 

$

4,596