<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from 
Hawaiian Electric Industries, Inc. and subsidiaries' consolidated balance sheet 
as of September 30, 1995 and consolidated statement of income for the nine 
months ended September 30, 1995 and is qualified in its entirety by reference 
to such financial statements. 
</LEGEND>
<CIK> 0000354707         
<NAME> Hawaiian Electric Industries, Inc.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                           DEC-31-1995
<PERIOD-START>                              JAN-01-1995
<PERIOD-END>                                SEP-30-1995
<CASH>                                           85,261
<SECURITIES>                                  1,352,397
<RECEIVABLES>                                   140,376
<ALLOWANCES>                                          0
<INVENTORY>                                      39,399
<CURRENT-ASSETS>                                      0
<PP&E>                                        2,570,848
<DEPRECIATION>                                  802,984
<TOTAL-ASSETS>                                5,469,175
<CURRENT-LIABILITIES>                                 0
<BONDS>                                         753,338
<COMMON>                                        574,392
<PREFERRED-MANDATORY>                            43,100
<PREFERRED>                                      48,293
<OTHER-SE>                                      146,320
<TOTAL-LIABILITY-AND-EQUITY>                  5,469,175
<SALES>                                               0
<TOTAL-REVENUES>                                963,052
<CGS>                                                 0
<TOTAL-COSTS>                                   815,998
<OTHER-EXPENSES>                                (6,224)
<LOSS-PROVISION>                                      0
<INTEREST-EXPENSE>                               46,398
<INCOME-PRETAX>                                 106,880
<INCOME-TAX>                                     45,002
<INCOME-CONTINUING>                              61,878
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                     61,878
<EPS-PRIMARY>                                      2.13   
<EPS-DILUTED>                                      2.13