Hawaiian Electric Company, Inc.

Hawaiian Electric Company, Inc., doing business as Heco, is a for-profit Hawaii-based electric utility provider that operates as a prime contractor supplying regulated electric power, energy management services, and electrical infrastructure support to federal facilities across the Hawaiian region. Heco competes on a full-and-open basis with no set-aside designations and operates 100% as a prime contractor (zero subcontract awards in the source data). The company, headquartered in Honolulu and registered in SAM.gov since 2001, holds a named subsidiary, Maui Electric Co LTD.

Heco's federal work concentrates on electrical utility services delivered through firm fixed-price delivery orders issued against indefinite delivery contracts. Recent awards include a $37.8 million delivery order from the Air Force Research Laboratory (March 2026) for electric utilities services at Kihei, Hawaii, with completion scheduled for February 2036; a $10.9 million delivery order from the Federal Detention Center Honolulu (October 2025) for fiscal year 2026 electrical utility services under Heco's GSA master contract; a $990 thousand delivery order from the Federal Emergency Management Agency (May 2026) for electrical utility services at the Kilohana Housing Group site in Lahaina supporting the Direct Temporary Housing Assistance Program (DR-4724-HI); and a $266,907 delivery order from the U.S. Geological Survey (February 2026) for a line extension connection charge at the USGS Hilo Research Facility. Heco also received a Department of Energy grant award (August 2024, ultimate completion August 2029) under the Bipartisan Infrastructure Law for the Climate Adaptation Resilience Program, which seeks to improve grid resilience through investments adapting utility infrastructure to climate change threats.

Customer concentration is split between defense and civilian federal buyers. By award count, the Department of the Army dominates with 45 awards; the Federal Detention Center Honolulu (Bureau of Prisons, Department of Justice) accounts for 20 awards ($36.6 million combined potential value); the National Oceanic and Atmospheric Administration holds 8 awards; and the Federal Emergency Management Agency and Department of Energy each carry 4 awards. By potential value, however, the Department of the Navy Naval Facilities Engineering Command anchors the portfolio with 3 awards worth $141.9 million combined, and the Air Force Materiel Command Research Laboratory contributes 2 awards totaling $70.3 million. The top five customers by potential value account for roughly 31% of Heco's combined portfolio value of $891.4 million. This divergence between award-count and dollar leadership signals that Heco's military work, while fewer in transaction count, carries substantially larger per-order values.

Heco holds seats on five major indefinite delivery contracts. The largest, IDC N6274268D0001, has generated 44 task orders with no dollar ceiling stated in the source; GSA Areawide Contract GS00P13BSD0941 carries 21 task orders and $54.1 million in combined potential value; GSA Areawide Contract 47PA0423D0001 holds 9 task orders and $55 million combined potential value; and two additional IDCs (GS00P11BSD0830 and N6274296G3520) each carry 2 task orders. The $50 million single-award indefinite delivery contract with GSA's Energy Division (awarded January 2023, running through January 2033) explicitly enables Heco to provide regulated electric power and energy management services to the Department of Justice, Department of Homeland Security, Department of Veterans Affairs, and Department of the Army across federal facilities in Hawaii.

Activity has remained flat over the past five years — one award in 2022, two in 2023, and three each in 2024, 2025, and 2026 to date. Four awards (combined potential value $12.1 million) face ultimate completion within the next twenty-four months and will require recompete. Across all 128 awards in the portfolio, Heco has obligated $592.1 million (66% of combined potential value), indicating steady drawdown of contract ceilings.

Heco's NAICS and PSC profile is narrowly specialized: 66 awards fall under Electric Power Distribution, 22 under Fossil Fuel Electric Power Generation, and 18 under Electric Bulk Power Transmission and Control; 113 awards carry PSC code for Utilities–Electric. The vendor does not pursue IT services, facility management, or ancillary support work and operates exclusively within its regulated utility footprint in Hawaii.