HEI Exhibit 21(a) Hawaiian Electric Industries, Inc. SUBSIDIARIES OF THE REGISTRANT The following is a list of all subsidiary corporations of the registrant as of March 21, 1995: Name Place of incorporation ---------------------------------------------------------------------------------------------------------------- Hawaiian Electric Company, Inc., including subsidiaries Maui Electric Company, Limited and Hawaii Electric Light Company, Inc. State of Hawaii HEI Investment Corp. State of Hawaii Lalamilo Ventures, Inc. State of Hawaii Malama Pacific Corp., including subsidiaries Malama Project-I, Inc., Malama Waterfront Corp., Malama Property Investment Corp., Malama Development Corp., Malama Realty Corp., Malama Elua Corp., TMG Service Corp., Malama Hoaloha Corp., Malama Mohala Corp. and Baldwin*Malama (a limited partnership in which Malama Development Corp. is the sole general partner) State of Hawaii Hawaiian Tug & Barge Corp., including subsidiary Young Brothers, Limited State of Hawaii HEI Diversified, Inc., including subsidiary American Savings Bank, State of Hawaii (except F.S.B. and its subsidiaries, American Savings Investment Corp., American Savings Bank, ASB Service Corporation, Adcommunications, Inc. and F.S.B., which is federally Associated Mortgage, Inc. chartered) Pacific Energy Conservation Services, Inc. State of Hawaii 76