HEI Exhibit 10.14

Nonemployee Director's Compensation Schedule

Effective January 22, 2008



|                                                                                                                                                                                                                       |  |                              |             
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------------------- | ------------
|HEI Board Compensation - paid quarterly                                                                                                                                                                                |  |                              |             
|                                                                                                                                                                                                                       | 
|Role                                                                                                                                                                                                                   |  | Annual Retainer             
|HEI Chairman of the Board                                                                                                                                                                                              |  | $                            | 250,000     
|HEI Director                                                                                                                                                                                                           |  | $                            | 40,000      
|HEI Audit Committee Chair                                                                                                                                                                                              |  | $                            | 15,000      
|HEI Audit Committee Member                                                                                                                                                                                             |  | $                            | 6,000       
|HEI Compensation Committee Chair                                                                                                                                                                                       |  | $                            | 10,000      
|HEI Compensation Committee Member                                                                                                                                                                                      |  | $                            | 4,000       
|HEI Nominating & Corporate Governance Committee Chair                                                                                                                                                                  |  | $                            | 5,000       
|HEI Nominating & Corporate Governance Committee Member                                                                                                                                                                 |  | $                            | 4,000       
|                                                                                                                                                                                                                       | 
|ASB Board Compensation - paid quarterly                                                                                                                                                                                |  |                              |             
|                                                                                                                                                                                                                       | 
|Role                                                                                                                                                                                                                   |  | Annual Retainer             
|ASB Director                                                                                                                                                                                                           |  | $                            | 25,000      
|ASB Audit Committee Chair                                                                                                                                                                                              |  | $                            | 12,500      
|ASB Audit Committee Member                                                                                                                                                                                             |  | $                            | 5,000       
|                                                                                                                                                                                                                       | 
|HECO Board Compensation - paid quarterly                                                                                                                                                                               |  |                              |             
|                                                                                                                                                                                                                       | 
|Role                                                                                                                                                                                                                   |  | Annual Retainer             
|HECO Director                                                                                                                                                                                                          |  | $                            | 25,000      
|HECO Audit Committee Chair                                                                                                                                                                                             |  | $                            | 10,000      
|HECO Audit Committee Member                                                                                                                                                                                            |  | $                            | 4,000       
|                                                                                                                                                                                                                       | 
|MECO and HELCO Board Compensation - paid quarterly                                                                                                                                                                     |  |                              |             
|                                                                                                                                                                                                                       | 
|Role                                                                                                                                                                                                                   |  | Annual Retainer             
|Director                                                                                                                                                                                                               |  |                              | 500*        
|*  per meeting fee, approved 1/22/08                                                                                                                                                                                   |  |                              |             
|                                                                                                                                                                                                                       | 
|Additional Committee Meeting Fees                                                                                                                                                                                      |  |                              |             
|Role                                                                                                                                                                                                                   |  | Meeting Fee perExtra Meeting
|HEI Audit Committee Member                                                                                                                                                                                             |  | $                            | 1,250*      
|HECO Audit Committee Member                                                                                                                                                                                            |  | $                            | 750*        
|HEI Compensation Committee Member                                                                                                                                                                                      |  | $                            | 500*        
|HEI Nominating & Corporate Governance Committee Member                                                                                                                                                                 |  | $                            | 500*        
|*  Earned per extra meeting, after attending the following minimum number of committee meetings
during the calendar year: (8) Audit meetings (6) Compensation meetings; (6) Nominating
& Corporate Governance meetings |  |                              |             
|                                                                                                                                                                                                                      
|Director Equity Compensation - annual grant                                                                                                                                                                           
|                                                                                                                                                                                                                       | 
|Role                                                                                                                                                                                                                   |  | Equity Retainer             
|HEI Director                                                                                                                                                                                                           |  |                              | 1,800 shares
|New HEI Director (one-time grant)                                                                                                                                                                                      |  |                              | 2,000 shares
|HECO or ASB Director (who is not on HEI Board)                                                                                                                                                                         |  |                              | 1,000 shares
|New HECO or ASB Director (who is not on HEI Board; one-time grant)                                                                                                                                                     |  |                              | 1,000 shares