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Exhibit 12
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Hawaiian Electric Industries Capital Trust I
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED SECURITIES DISTRIBUTIONS
(unaudited)
Nine months ended September 30,
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(dollars in thousands) 2000 1999
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Earnings....................................... $ 6,464 $ 6,464
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Fixed charges.................................. $ - $ -
Preferred securities distributions............. 6,270 6,270
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Total combined fixed charges and
preferred securities distributions.......... $ 6,270 $ 6,270
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Ratio of earnings to combined fixed charges and
preferred securities distributions.......... 1.03 1.03
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