<ARTICLE> UT
<LEGEND> This schedule contains summary financial information extracted from 
Hawaiian Electric Company, Inc. and subsidiaries' consolidated balance sheet as 
of September 30, 1995 and consolidated statement of income and consolidated 
statement of cash flows for the nine months ended September 30, 1995 and is 
qualified in its entirety by reference to such financial statements. 
</LEGEND>
<CIK> 0000046207      
<NAME> Hawaiian Electric Co., Inc.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               SEP-30-1995
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    1,679,276
<OTHER-PROPERTY-AND-INVEST>                          0
<TOTAL-CURRENT-ASSETS>                         156,200
<TOTAL-DEFERRED-CHARGES>                        10,185
<OTHER-ASSETS>                                 138,407
<TOTAL-ASSETS>                               1,984,068
<COMMON>                                        78,766
<CAPITAL-SURPLUS-PAID-IN>                      246,689
<RETAINED-EARNINGS>                            341,097
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 666,552
<PREFERRED-MANDATORY>                           40,880
<PREFERRED>                                     48,293
<LONG-TERM-DEBT-NET>                           517,182
<SHORT-TERM-NOTES>                              17,000
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                 134,011
<LONG-TERM-DEBT-CURRENT-PORT>                    9,902
<PREFERRED-STOCK-CURRENT>                        2,220
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 548,028
<TOT-CAPITALIZATION-AND-LIAB>                1,984,068
<GROSS-OPERATING-REVENUE>                      733,945
<INCOME-TAX-EXPENSE>                            40,030
<OTHER-OPERATING-EXPENSES>                     613,940
<TOTAL-OPERATING-EXPENSES>                     653,970
<OPERATING-INCOME-LOSS>                         79,975
<OTHER-INCOME-NET>                              12,226
<INCOME-BEFORE-INTEREST-EXPEN>                  92,201
<TOTAL-INTEREST-EXPENSE>                        30,934
<NET-INCOME>                                    61,267
<PREFERRED-STOCK-DIVIDENDS>                      3,108
<EARNINGS-AVAILABLE-FOR-COMM>                   58,159
<COMMON-STOCK-DIVIDENDS>                        25,597
<TOTAL-INTEREST-ON-BONDS>                       35,997
<CASH-FLOW-OPERATIONS>                          91,043
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0