| Schedule of Components of Net Periodic Benefit Cost for Consolidated HEI |
The components of net periodic pension costs (NPPC) and net periodic benefit costs (NPBC) for HEI consolidated and Hawaiian Electric consolidated were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30 | | Nine months ended September 30 | | | | Pension benefits | | Other benefits | | Pension benefits | | Other benefits | | (in thousands) | | 2024 | | 2023 | | 2024 | | 2023 | | 2024 | | 2023 | | 2024 | | 2023 | | HEI consolidated | | | | | | | | | | | | | | | | | | Service cost | | $ | 12,061 | | | $ | 11,418 | | | $ | 270 | | | $ | 385 | | | $ | 34,590 | | | $ | 34,210 | | | $ | 833 | | | $ | 1,072 | | | Interest cost | | 26,542 | | | 26,022 | | | 1,808 | | | 2,075 | | | 79,554 | | | 77,265 | | | 5,542 | | | 6,389 | | | Expected return on plan assets | | (35,993) | | | (35,238) | | | (3,490) | | | (3,426) | | | (107,957) | | | (105,630) | | | (10,462) | | | (10,236) | | | Amortization of net prior period gain | | — | | | — | | | — | | | (218) | | | — | | | — | | | — | | | (656) | | | Amortization of net actuarial (gain)/losses | | 188 | | | 138 | | | (763) | | | (518) | | | 410 | | | 515 | | | (2,188) | | | (1,416) | | | Net periodic pension/benefit cost (return) | | 2,798 | | | 2,340 | | | (2,175) | | | (1,702) | | | 6,597 | | | 6,360 | | | (6,275) | | | (4,847) | | | Impact of PUC D&Os | | 17,406 | | | 17,663 | | | 2,052 | | | 1,536 | | | 53,585 | | | 53,929 | | | 5,827 | | | 4,385 | | | Net periodic pension/benefit cost (return) (adjusted for impact of PUC D&Os) | | $ | 20,204 | | | $ | 20,003 | | | $ | (123) | | | $ | (166) | | | $ | 60,182 | | | $ | 60,289 | | | $ | (448) | | | $ | (462) | | | Hawaiian Electric consolidated | | | | | | | | | | | | | | | | | | Service cost | | $ | 11,670 | | | $ | 11,071 | | | $ | 266 | | | $ | 380 | | | $ | 33,502 | | | $ | 33,108 | | | $ | 822 | | | $ | 1,060 | | | Interest cost | | 24,615 | | | 24,116 | | | 1,721 | | | 1,981 | | | 73,869 | | | 71,513 | | | 5,279 | | | 6,107 | | | Expected return on plan assets | | (33,769) | | | (33,029) | | | (3,438) | | | (3,374) | | | (101,321) | | | (98,972) | | | (10,306) | | | (10,081) | | | Amortization of net prior period gain | | — | | | — | | | — | | | (218) | | | — | | | — | | | — | | | (654) | | | Amortization of net actuarial (gain)/losses | | 51 | | | (16) | | | (742) | | | (503) | | | 74 | | | 21 | | | (2,130) | | | (1,370) | | | Net periodic pension/benefit cost (return) | | 2,567 | | | 2,142 | | | (2,193) | | | (1,734) | | | 6,124 | | | 5,670 | | | (6,335) | | | (4,938) | | | Impact of PUC D&Os | | 17,406 | | | 17,663 | | | 2,052 | | | 1,536 | | | 53,585 | | | 53,929 | | | 5,827 | | | 4,385 | | | Net periodic pension/benefit cost (return) (adjusted for impact of PUC D&Os) | | $ | 19,973 | | | $ | 19,805 | | | $ | (141) | | | $ | (198) | | | $ | 59,709 | | | $ | 59,599 | | | $ | (508) | | | $ | (553) | |
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