The warnings over decreased profits due investment into power infrastructure is really notice to the public that today's spending is protecting HEI's monopolistic grip and attendant long-term profit goals.  This is the irony of such a utility monopoly.  You'd think a reported loss on a short-term financial statement is bad for the stockholder because of benefits to the consumer.  But, it's just the opposite.  A monopoly is long-term.  Today's short-term loss is tomorrows enduring windfall.